Consumer spending increased just 0.2% in February, or inflation adjusted, -0.4%. “Michael Pearce, an economist at Capital Economics, estimated that the gas price spike will cost Americans an annualized $100 billion in March.”
Consumer spending increased just 0.2% in February, or inflation adjusted, -0.4%. “Michael Pearce, an economist at Capital Economics, estimated that the gas price spike will cost Americans an annualized $100 billion in March.”