The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast food counters: Do you want fries with that? According to a leading potato supplier, respondents continue to answer “yes” at an above-average rate. It underscores the resilience of consumer spending, even as inflation squeezes wallets and savings…
Customers shop at a Walmart Supercenter in Hallandale Beach, Florida, on February 20, 2024. Joe Raedle | Getty Images News | Getty Images Consumer spending rebounded in February from a plunge in January, with some support from Leap Day. But even after accounting for that extra day of spending, sales still saw good growth. The…
Inflation rose more than expected in January as stubbornly high housing prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad measure of the prices buyers pay for goods and services across the economy, rose 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, this…
