US consumers keep spending despite high prices and their own …

Oct 30, 2023 · WASHINGTON (AP) — A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · On Thursday, the government said the economy accelerated at a 4.9% annual rate in the July-September quarter, the fastest such rate since 2021, on the back of a jump in …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · US consumers keep spending despite high prices and their own gloomy outlook. ... and poorest — jumped 37% from 2019 through 2022 as home prices shot higher and the stock …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · Spending by consumers rose by a brisk 0.4% in September — even after adjusting for inflation and even as they face ever-higher borrowing costs. Economists caution that such …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · Spending by consumers rose by a brisk 0.4% in September — even after adjusting for inflation and even as they face ever-higher borrowing costs

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U.S. Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · On Thursday, the government said the economy accelerated at a 4.9% annual rate in the July-September quarter, the fastest such rate since 2021, on the back of a jump in …

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US Consumers Keep Spending Despite High Prices And Their Own …

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Oct 30, 2023 · With inflation slowing — it's at a still-high 3.7%, down from a peak of 9.1% in June 2022 — average wages are starting to outpace price gains.

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Can US consumers keep spending despite high prices?

US consumers keep spending despite high prices and their own gloomy outlook. Can it last? Businesses are benefiting from what appears to be pent-up demand. Shoppers in the Times Square neighborhood of New York, US, on Friday, Oct. 27, 2023. ...

Is a surge in consumer spending fueling strong growth?

WASHINGTON (AP) — A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls. ...

Will consumer spending continue?

Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing costs. Economists caution that such vigorous spending isn’t likely to continue in the coming months. Many households have been pulling money from a shrinking pool of savings. ...

Is consumer spending fueling economic growth?

A surge in U.S. consumer spending is fueling economic growth, reflecting a resilience among households that has confounded economists, Federal Reserve officials and even the sentiments that Americans themselves have expressed in surveys. (AP Photo/Jae C. Hong, File) People eat at Serendipity 3 restaurant in New York City on Sunday, October 8, 2023. ...

Why are Americans spending so much on durable goods?

In the July-September quarter, Americans ramped up spending on durable goods — furniture, appliances, jewelry and luggage — that people typically cut back on if they’re worried about their jobs or the economy. ...

Why do people spend so much money?

Peoplespent on used cars and restaurant meals, airfares and hotel rooms. Much of it, even after adjusting for higher prices, was for discretionary items that suggested that many people feel confident in their finances and job security. ...