The US saw a pump in prices in December, with a surge in consumer spending, which may delay the Fed's interest rate cut plan. Trump's policies have brought economic uncertainty, and pre-purchase behavior has driven consumer spending to a two-year high, sustaining economic expansion. Economists expect the pre-purchase behavior to continue in January, potentially causing further growth in the economy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The US saw a pump in prices in December, with a surge in consumer spending, which may delay the Fed's interest rate cut plan. Trump's policies have brought economic uncertainty, and pre-purchase behavior has driven consumer spending to a two-year high, sustaining economic expansion. Economists expect the pre-purchase behavior to continue in January, potentially causing further growth in the economy.