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WRAPUP 2-US consumer spending slows in September as high prices curb demand
Consumer spending increases 0.3% in SeptemberPersonal Consumption Expenditures Price Index rises 0.3%Core PCE gains 0.2%; advances 2.8% on year-over-year basisBy Lucia Mutikani WASHINGTON, Dec 5 (Reuters) - U.S. consumer spending increased moderately in September after three straight months of so...Reuters
Fri, Dec 5
TREASURIES-US yields rise amid market consolidation before Fed meeting
Inflation print as expected; market reaction mutedUS consumer sentiment improves in early DecemberFed poised to cut 25 bps next weekBy Gertrude Chavez-Dreyfuss NEW YORK, Dec 5 (Reuters) - U.S. Treasury yields were modestly higher on Friday in generally rangebound trading, with investors consolida...Reuters
Fri, Dec 5
Canada's unemployment rate shrinks to lowest in 16 months as part-time jobs increase
Canada's unemployment rate in November falls to 6.5%Economy adds a net of 53,600 jobs in NovemberCanada has now added 181,000 new jobs since SeptemberAverage hourly wage growth of permanent employees at 4%By Promit Mukherjee OTTAWA, Dec 5 (Reuters) - Canada's unemployment rate once again ...Reuters
Fri, Dec 5
US consumer sentiment improves in early December
WASHINGTON, Dec 5 (Reuters) - U.S. consumer sentiment improved in early December, but worries about high prices and the labor market persisted, a survey showed on Friday.The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to 53.3 this month from a final ...Reuters
Fri, Dec 5
US PCE Price Index rises 2.8% in September as expected
The Personal Consumption Expenditures (PCE) Price Index rose 2.8% on a yearly basis in September, the US Bureau of Economic Analysis (BEA) reported on Friday. This print followed the 2.7% increase recorded in August and came in line with the market expectation.Fxstreet
Fri, Dec 5
US consumer spending moderates in September
WASHINGTON, Dec 5 (Reuters) - U.S. consumer spending increased marginally in September, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor market and rising cost of living curbed demand. Consumer spending, which accounts for more than two-thirds of ...Reuters
Fri, Dec 5
