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Consumer Spending Report to Show Whether Strength Continued in February
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A government report Friday will offer insight into how the U.S. economy fared in February, as elevated inflation continued to weigh on consumer purchasing power and interest rates remained high.
The Commerce Department will release February figures on household spending, income and saving, alongside the Federal Reserve’s preferred inflation gauge, at 8:30 a.m. Eastern time. The figures won’t reflect any impact on consumer spending from banking industry turmoil, which emerged in March.
Read more on wsj.comAbout this in other media
Retail Sales Report Shows Americans Pulled Back on Big-Ticket Purchases as Interest Rates Rose wsj.com /1 year ago
Retail Sales Report Shows Americans Pulled Back on Big-Ticket Purchases as Interest Rates Rose wsj.com /1 year ago
Chicago Fed President Goolsbee says recent reports show inflation is moving in the right direction cnbc.com /1 year ago
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