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February consumer spending showed muted growth while core PCE inflation rose 0.4% month-over-month, alongside reports of falling jobless claims and Q4 GDP growth.
Updated ·First reported ·2 sources
Summary
Bloomberg reports US consumer spending barely rose in February while the core personal consumption expenditures price index reportedly increased 0.4% from January and 3% year-on-year. Recurring jobless claims reportedly fell to a nearly two-year low, and inflation-adjusted GDP reportedly increased at a 0.5% annualized rate in the fourth quarter.
Key Facts
- •US consumer spending barely rose in February.[1]unverified
- •The core personal consumption expenditures price index increased 0.4% from January and 3% from the prior year.[1]unverified
- •Recurring jobless claims fell to a nearly two-year low.[1]unverified
- •Inflation-adjusted gross domestic product increased at a 0.5% annualized rate in the fourth quarter.[1]unverified
[1] Bloomberg Markets
Locations
United StatesUnited States, North America
37.09, -95.71Sources (2)
Bloomberg Marketsmainstream· unknown19h ago
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Show summary
Bloomberg reports US consumer spending barely rose in February while the core personal consumption expenditures price index reportedly increased 0.4% from January and 3% year-on-year. Recurring jobless claims reportedly fell to a nearly two-year low, and inflation-adjusted GDP reportedly increased at a 0.5% annualized rate in the fourth quarter.
- • US consumer spending barely rose in February.
- • The core personal consumption expenditures price index increased 0.4% from January and 3% from the prior year.
- • Recurring jobless claims fell to a nearly two-year low.
- • Inflation-adjusted gross domestic product increased at a 0.5% annualized rate in the fourth quarter.