1001 ET - U.S. consumers are showing signs of price fatigue, Wells Fargo's Tim Quinlan and Shannon Grein write. January PCE inflation cooled a little, to 2.5% from December's 2.6%, inching closer to the Fed's 2% target. Quinlan and Grein note that "inflation-adjusted spending dropped half a percentage point, the biggest monthly retrenchment in almost four years." PCE data show consumers trimming spending on cars and recreational goods. Quinlan and Grein say that the inflation outlook is uncertain, though. "Consumers are price fatigued, and major retailers have acknowledged this," while tariffs threaten to keep upward pressure on prices, they write. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
February 28, 2025 10:01 ET (15:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。