Consumer spending dropped during the holiday season—just as the Fed hoped
qz.com › consumer-spending-dropped-during-the-holiday-season-1850039947
This story seems to be about:
This story seems to be about:
Consumer spending was down 0.2% in December compared to the previous month, according to data released by the US Department of Commerce on Jan. 27. That compares with a decline of 0.1% in November. US consumer spending is what drives future economic growth.