Indicators
US Consumer Spending Barely Rose, Inflation Lingered Pre-War
Shoppers inside an store at an outlet mall in Sunrise, Florida.
Photographer: Eva Marie Uzcategui/BloombergUS 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.