Consumer spending

U.S. consumer spending rose for a 7th straight month in September, according the the Commerce Department. Economists expect that trend to continue despite slow wage growth.  

Economic growth has been accelerating this year — unemployment is low, wages have been edging up and so has consumer spending. So you’d think the housing sector, which usually benefits from favorable conditions for consumers and working people, would be booming right now. But what was looking like a really good year for housing sales […]

Someone at the Federal Reserve is probably smiling right now. Six years ago, the Fed set a “target” rate for inflation, a Goldilocks level of 2 percent. Not too high, as in out-of-control prices and not too low, signaling a weak economy. Today, inflation has finally inched up to that target. So, what does that mean for […]