U.S. Consumer Spending Posts Biggest Gain in Nearly Two Years; Inflation Picks Up

Reuters, Feb. 24, 2023–Lucia Mutikani
U.S. consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest rates into summer.
https://www.reuters.com/markets/us/us-consumer-spending-surges-january-inflation-accelerates-2023-02-24/