US inflation and consumer spending cooled in December

The Fed has been seeking to slow spending, growth and the surging prices that have bedeviled the nation for nearly two years. Its key rate, which affects many consumer and business loans, is now in a range of 4.25% to 4.5%, up from near zero last March. Though inflation has been decelerating, most economists say they think the Fed’s harsh medicine will tip the economy into a recession sometime this year.

, potentially until the end of the year. Yet that policy may become untenable if a sharp recession takes hold.Friday’s data may heighten concerns that the economy’s primary driver, the American consumer’s willingness to keep spending freely, is starting to crack under the weight of higher prices and interest rates.grew at a healthy clip in the final three months of last year

By contrast, consumer spending in the October-December quarter as a whole weakened from the previous quarter, and business investment dropped off sharply. Overall, the economy expanded at a 2.9% annual rate in the October-December quarter, down slightly from a 3.2% pace in the previous quarter.If consumers remain less willing to boost their spending, companies’ profit margins will shrink, and many may cut expenses. That trend could lead eventually to waves of layoffs.

Source: Financial Digest (financialdigest.net)

I just paid $12 for 4 sticks of butter…I don’t feel better😂

More Communist Nazi Propaganda. The Dems are using all of Hitlers playbook. Stop free speech, criminalize political opponents, steal elections, divide the people, stroke fear, indoctrinate the youth, re-educate the brainless. Know we know why the lefts is erasing history!!

You should have written this in Crayon.

My grocery bill strongly disagees.

Why haven't you changed your 'offensive' name yet?

The!!! Quit dehumanizing people.

Don't you mean A Reserve Experiencing Federalism?

*People of Federal Reserveness

Of course consumer spending fell. Choosing between food, gas or utilities tends to do that. Especially when wages aren’t matching inflation.

'THE Fed!?' This type of language is giving me ptsd.

'the Fed'? 'the economy'? 'the 5.5% increase'? You really ought to get an editor who know the AP style book.

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