Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the holiday shopping season.
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Consumer spending slows in December, but many Americans still plan on buying these big-ticket itemsThe New York Federal Reserve’s latest Household Spending Survey gives insight into consumer behavior.
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December retail sales fall 1.1% after slipping in NovemberNEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
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UK inflation drops to 3-month low of 10.5% in DecemberBritish consumer price inflation fell to a three-month low of 10.5% in December, offering some comfort to the Bank of England and households, but food and drink prices continued to accelerate, rising at the fastest pace since 1977.
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Family searching for clues in mysterious December disappearance of Evansville, Indiana man Kenneth Brian ColbertThe 47-year-old was last seen on December 9, 2022, in Princeton, Indiana. His car and phone are also missing.
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China reports 3% GDP growth for 2022 as December retail sales, industrial production beat estimatesThe world’s second-largest economy grew more than expected last year but missed its original target and faces challenges as it emerges from pandemic isolation.
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