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WASHINGTON, Jan 27 (Reuters) - U.S. consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week.
Inflows returned, with the Investment Company Institute reporting investors added $1.982 billion to mutual funds in the week ending Jan. 11, after $3.157 billion of outflows the previous week.
Consumers are more upbeat about the economy, but have cut back on spending.
App-based buy now, pay later programs are emerging as an easy way to finance high-ticket items, or even groceries, if your funds are short. But experts warn they can be a financial trap.
Looking to spread out the cost of a pricier-than-expected holiday gift for a friend, family member or yourself?