Tag: consumer spending

U.S. consumer spending stalled in May to the lowest growth rate this year as inflation remained elevated. Consumer spending or personal consumption expenditures (PCE) only rose by 0.1 percent in May, according to a June 30 news release (pdf) by the U.S. Bureau of Economic Analysis (BEA). This is the lowest growth rate so far in 2023, equal to that ...

Commentary In graduate school, I encountered the disturbing theory that your vote doesn’t actually count for much. We have a winner-take-all system of voting in this country. That means that one vote for x is always canceled out by a vote for y. So a husband and wife who disagree might as well stay home. I can recall as a ...