US consumer spending up modestly in February - Fox29 WFLX TV, West Palm Beach, FL-news & weather

US consumer spending up modestly in February

  • Fox 29 Daily HeadlinesMore>>

  • Facebook adds privacy settings to comply with European rules

    Facebook adds privacy settings to comply with European rules

    Wednesday, April 18 2018 5:33 AM EDT2018-04-18 09:33:47 GMT
    Friday, April 20 2018 10:28 AM EDT2018-04-20 14:28:31 GMT
    (AP Photo/Matt Rourke, File). FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. A propaganda expert who has studied Cambridge Analytica says the company helped Donald Trump’s presidential campaign use f...(AP Photo/Matt Rourke, File). FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. A propaganda expert who has studied Cambridge Analytica says the company helped Donald Trump’s presidential campaign use f...
    Facebook is introducing more privacy safeguards to users in Europe to comply with new rules meant to make it easier for consumers to give and withdraw consent for the use of their data.More >>
    Facebook is introducing more privacy safeguards to users in Europe to comply with new rules meant to make it easier for consumers to give and withdraw consent for the use of their data.More >>
  • UPDATE: Everything you need to know about Arizona's teacher walkout

    UPDATE: Everything you need to know about Arizona's teacher walkout

    Friday, April 20 2018 8:42 AM EDT2018-04-20 12:42:18 GMT
    Arizona teachers could be staging a strike, which may leave tens of thousands of parents scrambling. (Source: Raycom Media)Arizona teachers could be staging a strike, which may leave tens of thousands of parents scrambling. (Source: Raycom Media)

    One thing is certain, tens of thousands of parents will be forced to scramble to find out what to do if enough teachers walk out.

    More >>

    One thing is certain, tens of thousands of parents will be forced to scramble to find out what to do if enough teachers walk out.

    More >>
  • Trump calls sketch released by Daniels 'a total con job'

    Trump calls sketch released by Daniels 'a total con job'

    Wednesday, April 18 2018 7:01 AM EDT2018-04-18 11:01:34 GMT
    Thursday, April 19 2018 11:27 AM EDT2018-04-19 15:27:43 GMT
    (Michael Avenatti via AP). This artist's drawing released by attorney Michael Avenatti, purports to show the man that the adult film actress Stormy Daniels says threatened her in a Las Vegas parking lot in 2011 to remain quiet about her affair with Pre...(Michael Avenatti via AP). This artist's drawing released by attorney Michael Avenatti, purports to show the man that the adult film actress Stormy Daniels says threatened her in a Las Vegas parking lot in 2011 to remain quiet about her affair with Pre...
    Trump says a porn actress is pulling "a total con job" by promoting an artist's sketch of a man she says threatened her to keep silent.More >>
    Trump says a porn actress is pulling "a total con job" by promoting an artist's sketch of a man she says threatened her to keep silent.More >>

Americans increased their spending just 0.2 percent in February, while their incomes were boosted by increased wages and business owners' income.

The Commerce Department says the modest spending increase followed an equal gain in January and a rise of 0.4 percent in December. Incomes increased a healthy 0.4 percent.

A closely watched signpost, consumer spending accounts for about 70 percent of U.S. economic activity.

After-tax income jumped 0.4 percent. With consumers holding back on spending, the savings rate rose to 3.4 percent — the highest since last August. The rate was 3.2 percent in January. Savings had fallen to a 12-year low in December.

Associated Press 2018

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2018 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.