Mar
29

Inflation Trumps Prospects

The good: Consumer spending rose in Feb for an 8th consecutive month, spending rose 0.7% in February after a 0.3% increase in January. The Bad: Adjusted for inflation, consumer spending was up just 0.3% last month after being flat in Jan. The Ugly: inflation accelerated at its fastest rate since June ‘09 and the data provide more evidence that higher prices for food and energy are depressing economic growth.

Share This Post
Facebook Twitter Email

Speak Your Mind

*