Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more
What is inflation and how do we track it? In 2022, consumers have felt the effects of rising prices, and as much as experts simplify the definition of inflation, its causes remain complex and ever-moving. However, if we look back at other historical periods of inflation, we can see the combination of causes and what … Read more
China last night Crane a week in review China CPI for December was released at +1.8% vs +1.6% in November, meeting expectations of 1.8%. On Wednesday, the World Bank halved its global GDP growth forecast for 2023, though it expects China’s GDP growth to be ahead of the pack. The China Passenger Vehicle Association released … Read more
