Category: Your Real Estate Life

• January 29, 2018
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• realestatelife

Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. Economists had forecast a 0.5% increase.  Americans were able to spend more last year partly because of rising incomes. They rose 0.4% in December and advanced 3.1% for the full year, the largest increase since 2015. Yet households drew

• July 29, 2022
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• realestatelife

The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of

• July 28, 2022
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• realestatelife

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an