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Inflation stayed stubbornly high heading into the Iran war, Fed’s preferred gauge shows
Americans kept spending in February — but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher. Consumer spending rose 0.5% in February, up from a 0.3% increase in January, according to a shutdown-delayed report released Thursday by the Commerce Department. But when taking elevated inflation into account, spending rose just 0.1% from January, when it was flat. Thursday’s report also showed that inflation remained stubbornly higher than typical: The Personal Consumption Expenditures price index – the inflation gauge the Federal Reserve ... (full story)
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Personal income decreased $18.2 billion (0.1 percent at a monthly rate) in February, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $18.3 billion (0.1 percent), and personal consumption expenditures (PCE) increased $103.2 billion (0.5 ...
From msn.com | Apr 9, 2026
US consumer spending barely rose in February against a backdrop of persistent inflation that’s set to accelerate due to the Iran war. Inflation-adjusted consumer spending increased 0.1% after stagnating in January, continuing an extended period of lackluster demand, a report from the Bureau of Economic Analysis showed Thursday. The so-called core personal ...
Government data out Friday will show how much consumer prices rose in March — and forecasts point to soaring inflation. Over the past month, the US-Israel war on Iran has sent gas prices skyrocketing past $4 a gallon and all but ensured that recent reports of cooler price growth will be reversed. Economists surveyed by Bloomberg now see headline inflation ...
