U.S. consumer spending beats forecasts in March; inflation soars

US consumer spending beats forecasts as inflation soars

US consumer spending increased more than expected in March amid strong demand for services, while monthly inflation saw the biggest increase since 2005.

U.S. consumer spending tops forecasts in March amid strong demand; inflation surges

The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 1.1 per cent last month

U.S. Consumer Spending Accelerates; Wage Inflation Rising

U.S. consumer spending rose more than expected in March amid strong demand for services, while monthly inflation surged by the most in 16-1/2 years, giving the Federal Reserve ammunition to hike interest rates by a hefty 50 basis points next week. The case for an aggressive monetary policy stance from the U.S. central bank was also strengthened by other data on Friday showing compensation for American workers recording its largest increase in at…

U.S. consumer spending beats forecasts in March; inflation soars

U.S. consumer spending increased more than expected in March amid strong demand for services, while monthly inflation surged by the most since 2005. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 1.1% last month.

U.S. consumer spending beats forecasts in March; inflation soars

U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.

U.S. Household Spending Rises 1.1% in March

By Harriet Torry U.S. household spending rose 1.1% in March, reflecting higher prices and demand for services. Write to Harriet Torry at harriet.torry@wsj.com