U.S. households spent more modestly in February as core price increases eased, possible signs of slowing economic momentum on the eve of March’s banking turmoil
The economic figures are possible signs of cooling economic momentum as the Fed continued its campaign to slow rapidly rising pricesU.S.
households increased their spending modestly in February as core price increases eased, possible signs of slowing economic momentum on the eve of March’s banking turmoil.increased a seasonally adjusted 0.2% in February, from January’s revised 2% increase, which was the largest one-month gain in nearly two years, the Commerce Department said Friday. When adjusted for rising prices, spending fell 0.1% in February from the prior month, after rising a revised 1.5% in January.
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