Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Data from the Bureau of Economic Analysis (BEA) released on Friday (June 3o) shows that the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, improved...
October 02, 2023
The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While the approximately 43 million borrowers with student loan debt will face increased obligations and reduced ability to spend on discretionary purchases, this will have minimal effects on the overall economy, […]
June 30, 2023
Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Data from the Bureau of Economic Analysis (BEA) released on Friday (June 3o) shows...
