Tag
#Richmond Fed
Economy
US consumer spending squeeze grows as tax refunds fade
US consumer spending squeeze is set to deepen as tax refunds run out, gas stays above $4.50 a gallon and lower-income households lean on credit.
By Helena Brandt
Economy
El-Erian warns US has weeks to avoid recession as gasoline hits $4.39
Mohamed El-Erian says the gasoline surge is becoming a consumer-spending shock, leaving the US only a narrow window to avoid recession.
By Helena Brandt
