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US Economy Shows Resilience on Solid Consumer Spending, Growth Data
Real consumer spending rose 0.55% in August, while the 10-year Treasury yield climbed to 5.30%, adding pressure on debt costs, analysts said.
9 Articles
9 Articles
The US Economy “Is Running Hot, Lots of Consumer Spending Growth, Lots of Inflation. The Bond Market Sees it Too
Spending on discretionary goods and services that people buy to have fun with was particularly motivated. By Wolf Richter for WOLF STREET. Adjusted for inflation, lots of inflation, consumer spending in August rose by 0.55% month-to-month and by 2.6% year-over-year, according to the Bureau of…
WASHINGTON. — Inflation slowed a bit last month when Americans increased their spending, although price hikes remained high and remain a challenge for many voters who will go to the polls for mid-term elections in just over a month. Consumer prices [...]
Coverage Details
Total News Sources9
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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