Surge in consumer spending in April

Income rose 0.5 percent in March after rising 0.4 percent in February

Surge in consumer spending in April

U.S. consumers ramped up their spending in March at the fastest pace in 4½ years, a sign that the economy is gaining momentum after its winter slowdown. The Commerce Department said Thursday that consumer spending rose 0.9 percent, the largest monthly gain since April 2009. The department also revised up its estimate of the spending […]

Consumer spending down amid slowdown in economy

Consumer spending down amid slowdown in economy

Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity, which should allow the Federal Reserve to maintain its monetary stimulus for a while. The Commerce Department said on Friday consumer spending fell 0.2 percent, the weakest reading since May […]

Economists say shopping surge will continue

Economists say shopping surge will continue

Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50 days before Christmas than analysts had expected — the sharpest annual increase since 2006. It’s the surest sign yet they’re becoming less frugal as the […]