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Bea Data

All articles tagged with #bea data

economy4 hours ago•22 min saved

Savings Slump Signals Fragile Ground Beneath U.S. Growth

A BEA/BEA report shows the U.S. personal savings rate fell to 2.6% in April (the lowest since June 2022) while core retail spending rose 5.7% year over year and personal income grew 2.5%. The gap between spending and income widened to 3.2 percentage points, meaning Americans are drawing down savings to maintain living standards. Even with strong markets and low unemployment, this shrinking cushion suggests consumer-driven growth may be unsustainable and could pose risks to the economy and to the political narrative surrounding Trump’s agenda.

via 24/7 Wall St.|

#bea-data #consumer-spending #core-retail-sales

economy4 months ago•2 min saved

U.S. PCE Inflation Holds at 2.8% as Spending Keeps Economy Expanding

U.S. personal consumption expenditures price index rose 0.2% in November, leaving inflation at 2.8% for both headline and core (October was 2.7%), with energy costs up and food flat. Personal income rose modestly, while spending climbed 0.5% in October and November. The saving rate edged up to 3.5% in November. GDP growth for Q3 was revised to 4.4%, and jobless claims remain near two-year lows, signaling continued spending resilience. Investors expect the Fed to hold rates at the upcoming meeting, with futures pricing in up to two rate cuts later this year.

via CNBC|

#bea-data #consumer-spending #economy