- Inflation cooled slightly last month but consumer spending tanked. Archived Message
Posted by ATL
on February 28, 2025, 8:55:54, in reply to "February 2025 politics thread "
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https://www.msn.com/en-us/money/markets/inflation-steady-in-january-meeting-expectations-as-consumers-backed-away-from-large-purchases/ar-AA1zZtCj There was one note of caution in the release, with personal spending falling $30.7 billion, or 0.2%, as consumers backed off sharply on big-ticket items like cars and furniture. Some economists have been warning that consumers are growing increasingly nervous about the economy, especially with uncertainty over proposed import tariffs and mass firings of federal workers as a result of the activities of Trump pal Elon Musk and his Department of Government Efficiency, or DOGE. |
- Buttcrack March 1, 2025, 8:54:20