Published on 1 Feb 2025 on Benzinga
...Predicted, Consumer Spending Jumps At Fastest Pace In 9 Months - Apple...
Editor’s note: This story has been updated with additional details.
The Federal Reserve’s preferred inflation measure surged as predicted last month, quelling headwinds for the central bank’s goal of gradually reaching the 2% target, while a strong surge in personal spending continued to reiterate the health of U.S. consumers.