Surprising resilience continues amid tighter monetary policy
Consumer spending showed a decent gain but was down from Q1
By all measures, inflation has cooled over the past year, moving closer to the Fed’s 2% target level but still remaining persistently above it
Thursday's report is the first of two CPI numbers Fed policymakers will see before their next meeting
A burst of business investment drove last quarter's surprising GDP figure
The index fell from mid-2021 to mid-2022 as surging prices ate into household budgets
The job market's sturdiness has raised doubts about whether a downturn is inevitable
Consumers continue to spend despite rising borrowing costs
The stakes are growing in the standoff in Washington over raising the nation's debt limit
Despite the first-quarter slowdown, consumer spending reflected confidence