Consumer Spending Rises, Fed Holds Off Rate Cuts
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
U.S. consumer spending increased slightly in January, outpacing expectations, indicating steady economic growth. However, rising oil prices due to Middle East conflicts are causing volatility in stocks and potentially squeezing household budgets, particularly for higher-income families. Lower-income groups have already reduced spending due to tariffs, and economists predict the wars impact may be most significant in the second quarter. Core inflation rose by 0.4% last month, with the annual rate at 3.1%, keeping pressure above the Feds 2% goal. Despite delays in data releases, markets now anticipate only one rate cut this year, suggesting a cautious economic path.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/72537e7b4429ab43