US consumer spending falls in January; monthly inflation rises
- Posted on February 28, 2025
- By Business News Today
- 3 Views
US consumer spending falls in January; monthly inflation rises
U.S. consumer spending unexpectedly decreased by 0.2% in January, following an upwardly revised 0.8% rise in December. Factors such as fading pre-emptive buying, adverse weather, and Trump's tariffs contributed to the drop. Meanwhile, inflation rose, potentially postponing Federal Reserve's interest rate cuts.
