The engine of the U.S. economy—consumer spending—is starting to sputter.
Retail purchases have fallen in three of the past four months. Spending on services, including rent, haircuts and the bulk of bills, was flat in December, after adjusting for inflation, the worst monthly reading in nearly a year. Sales of existing homes in the U.S. fell last year to their lowest level since 2014 as mortgage rates rose. The auto industry posted its worst sales year in more than a decade.
Source: finance.yahoo.com
Related posts:
Giannis Antetokounmpo Put His Money in 50 Banks Until Bucks Owner Helped Him Invest
Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hung...
3 Dividend Stocks That Have Paid and Raised Their Payouts for at Least 30 Consecutive Years
Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden
There’s a ‘perfect storm’ brewing in the family housing market — here’s a super simple way to take a...