The US Personal Consumption Expenditures (PCE) inflation rate fell slightly below expectations in April, reaching 2.1%. This moderation, driven by rising wages and social benefits, suggests a potential […]
Fed’s Calm Before Storm? Analyst Sees Inflation as Temporary
Fitch analyst Olu Sonola suggests the Federal Reserve may view the recent moderation of personal consumption expenditure inflation as a temporary respite before potentially more aggressive action. According […]
U.S. Consumer Spending Contracts Amid Economic Uncertainty
Consumer spending in the U.S. showed signs of weakening in April, following a strong period earlier this year, as economic concerns continue to weigh on household finances. According […]
U.S. Retail Sales Show Uptick in April
Despite initial forecasts of stagnation, U.S. retail sales saw a surprising 0.1% gain in April, according to data compiled by BlockBeats. This modest increase suggests a potential leveling-off […]