consumer News Updates

Consumer spending climbed in April by the most in almost seven years, but consumer confidence unexpectedly fell in May to the lowest level in six months, according to two reports released May 31.

The cost of living in the U.S. climbed in April by the most in three years, an indication that inflation may be picking up toward the Federal Reserve’s goal.

Consumer confidence in the U.S. jumped in May to the highest level in almost a year, propelled by the strongest views on inflation-adjusted income gains in a decade.

Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from a slowdown earlier this year.

Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.

Consumer confidence fell to a seven-month low in April as Americans’ expectations about economic growth dropped to the lowest point since September 2014.

Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.

Consumer confidence unexpectedly fell in April to the weakest level in seven months as Americans were rattled by unsatisfying wage growth and concern over how the upcoming presidential election would impact the economy.

The cost of living in the United States excluding food and fuel rose less than forecast in March, bearing out Federal Reserve Chair Janet Yellen’s forecast that the recent pickup would prove fleeting.