U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent.
The March gain was the biggest monthly increase since August 2009, the Commerce Department reported Monday. That's a marked improvement after three months of lackluster readings in this key segment of the economy. Consumer spending accounts for 70% of economic activity.
The big jump in consumer spending is encouraging because it suggests that the overall economy had solid momentum going into the April-June quarter. The 0.9% March jump in spending followed a sharp 0.6% drop in December and tiny gains of 0.3% in January and 0.1% in February. The slight 0.1% rise in incomes in March followed a modest 0.2% rise in February and a 0.1% decline in January.
The 1.5% year-over-year increase in consumer prices was up from a 1.3% 12-month gain in February but still well below the Fed's target.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The U.S. Debt Ceiling Expired On March 1 And Nobody Cared -- But They WillBut persistent debt increases during an economic expansion leaves fiscal policy with very little power to fight a recession. Even the Federal Reserve’s ability to lower interest rates will fight against risk premiums generated by more debt.
Consulte Mais informação »
U.S. Existing-Home Sales Declined in MarchSales of previously owned U.S. homes sputtered in March, failing to build off strong gains in February, despite lower mortgage rates and a strong job market.
Consulte Mais informação »
U.S. existing home sales fall more than expected in MarchU.S. home sales fell more than expected in March, pointing to continued weakness...
Consulte Mais informação »
U.S. new-home sales climbed 4.5% in March, and prices sankThe U.S. housing market appears to be cautiously recovering from a mortgage-rate spike last year that caused homebuying to slump.
Consulte Mais informação »
US Amazon Prime growth is on a two-quarter reboundPrime membership in the US hit 103 million as of March 31, 2019, according to estimates from Consumer Intelligence Research Partners (CIRP).
Consulte Mais informação »
U.S. home sales slump ahead of spring selling seasonU.S. home sales fell more than expected in March, pointing to continued weakness...
Consulte Mais informação »
U.S. consumer spending posts biggest increase since 2009U.S. consumer spending increased by the most in more than 9-1/2 years in March, ...
Consulte Mais informação »
U.S. home sales tumble as supply constraints lingerU.S. home sales fell more than expected in March as rising demand stoked by decl...
Consulte Mais informação »
Japan's March factory output decline flags risk of GDP contractionJapan's industrial output fell in January-March at the fastest pace in almo...
Consulte Mais informação »
Thousands march in Hong Kong against proposed law allowing extraditions to mainland ChinaThousands of protesters took to the streets of Hong Kong on Sunday to demand the local government scrap a plan that would allow extraditions to mainland China – an idea that has also raised concerns among foreign investors.
Consulte Mais informação »
Armenian genocide remembrance march expected to draw thousandsThousands of people will march through Hollywood and the Mid-City area today to mark the 104th anniversary of the Armenian Genocide, again calling on Turkey — and the United States — to officially recognize that it occurred.
Consulte Mais informação »