The snapshot offers only a partial look at consumer spending and doesn’t include things like travel and hotel stays.
Lower interest rates can boost the economy and hiring, but also tend to fuel inflation.
New report shows shifting home prices and sales across Northern Nevada, with a surprising market trends outlook for 2026.
Neer Malik fills up just one gallon of gasoline to ride approximately 100 miles on his motorcycle at a gas station in Los Angeles on Friday, April 17, 2026. (AP Photo/Damian Dovarganes)
A motorist fills up his truck for over a $100 at a gas station in Los Angeles on Friday, April 17, 2026. (AP Photo/Damian Dovarganes)
Wholesale prices can offer an early look at where consumer inflation might be headed.
It’s the first read on inflation to capture the effects of the Iran war.
The S&P 500 dropped 1.6% after a report showed U.S. employers cut more jobs last month than they created.
Past military conflicts in the Middle East have not caused long-term drops for markets.
On a monthly basis, consumer prices rose 0.2% in January from December, while core prices rose 0.3%.
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