Powell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight InflationPowell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight InflationPowell noted that the economy has been growing faster than expected this year and that consumers have kept spending briskly.Associated PressAssociated Press
US Consumer Spending Plunges 7.5% in March, Reflecting VirusUS Consumer Spending Plunges 7.5% in March, Reflecting VirusThe Commerce Department said that the spending plunge was accompanied by a sharp 2% drop in personal incomes.Associated PressAssociated Press