Consumer Spending Is Up And Inflation Is Easing

Ahead of the holidays, the latest consumer spending data suggests that Americans are still spending as the 40-year-high inflation continues to ease. NBC News’ Tom Costello reports on Jerome Powell saying the Fed could soon slow the pace of its interest rate hikes.

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[NowOne]

Of course spending is up, it’s called Christmas!

[jimmyjames]

You mean consumer DEBT is up. Fixed it for you.

[andrewwiggins]

Inflation hit people a lot harder than a crashing stock or housing market as it directly affects people's cost of living, that people immediately feel the impact of its not surprising negative. Market sentiment is so high now. We really need help to survive in this economy. The fin market have underperformed the US economy as fear of inflation hammers the price stocks and bond. My portfolio of $250k is down to $192k any recommendations to scale up my returns during this crash will be highly appreciated

[cuzmariosaidso]

Yay America spending its way to the new great depression

[Vista-fgij]

Most people are stacking debt, either on what they need because they're stuck, or on things they want because they don't see the train coming.

[ARMENH]

Let’s see what happens in January …. 🤣

[scottjones]

Consumer spending is up because everything cost more, it's a direct correlation,

[kristinabolba]

yea up that is why stores on black friday were dead

[joedirt]

You mean food is going up and people are eating less

[hiddenname]

Who are these people? Do they shop for food and groceries? No prices are coming down!

[rayjay]

Inflation is easing because it was already up this time last year.

[Tetingf]

Gas it too high starter pack: only travel twice a year

[innocentrage]

Eh, let me know when chicken is less than 30 bucks a 10 pound bag

[Cakebattered]

Is consumer spending data numbers adjusted for inflation?

[sjean]

I don't believe a word you guys say about inflation.

[williamshaw]

No it isn’t. Are they just going to lie now?

[sunpark]

NBC 😂😂😂 consumer spending increases as inflation decreases. Gtfo

[cindyluc]

Despite the economic downturn, I'm happy ☺️. I have been earning $60, 200 returns from my $10, 000 investment every 13 days

[BlazeEst]

So deluded and bias not complaining though men in black, just saying 🤣