US consumer spending slowed in Oct, weekly jobless claims rose
Business Standard|December 01, 2023
US consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that could further strengthen expectations that the Federal Reserve's interest rate hiking campaign was over.

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.2 per cent last month after an unrevised 0.7 per cent gain in September, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast spending gaining 0.2 per cent.

هذه القصة مأخوذة من طبعة December 01, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 01, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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