Economy

Consumer sentiment for October was weaker than anticipated in the latest survey result, although the index remained near historically high levels. The University of Michigan’s monthly survey of consumers hit 98.6 in the final reading […]

A big difference is what goes into the baskets of goods and services each index tries to measure. The CPI focuses on what consumers pay directly. The PCE is broader. For example, the PCE would […]

Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014. The strong rise in consumer spending […]