U.S. consumer spending increased solidly in July as households bought a range of...
WASHINGTON - U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
But risks to the longest economic expansion in history are mounting, mostly from a year-long trade war between the United States and China. The economy is largely losing speed as the stimulus from the White House’s $1.5 trillion tax-cut package and a government spending blitz fades. The U.S.-China trade conflict has weighed heavily on manufacturing and business investment, which contracted in the second quarter.
The core PCE index is the Fed’s preferred inflation measure and has undershot the U.S. central bank’s 2% target this year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Southern California home sales and prices perked up in JulySouthern California home sales rose in July, the first gain in a year, according to real estate firm CoreLogic. Prices were up 1.9%
Leer más »
UK car output slumps nearly 11% in July on weak export demandBritish new car production fell by an annual 10.6 percent in July, the 14th cons...
Leer más »
US pending home sales slid 2.5% in July in sign of slowdownFewer Americans signed contracts to buy homes in July, signaling that the housing market has yet to enjoy a strong bounce from lower mortgage rates.
Leer más »
Oil set for biggest weekly gain since July on trade dispute hopesOil prices on Friday were set for their biggest weekly gains since early July, b...
Leer más »
Japan's July household spending seen growing at slower pace: Reuters pollJapan's July household spending probably expanded for an eighth straight mo...
Leer más »
July pending home sales reverse course, falling 2.5% despite low mortgage ratesPending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors. This came after two months of sales gains and may be a sign of just how sensitive today's borrowers are to even the smallest moves in mortgage rates.
Leer más »