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U.S. Fed's closely watched inflation measure rises 2.4 pct in January

WASHINGTON, Feb. 29 (Xinhua) -- The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.4 percent in January, as inflation continued to cool amid high interest rates, the Commerce Department reported on Thursday.

Key US metrics suggest no recession in 2024 even as growth slows, while the event-driven trend in consumer spending will continue this year.

Buy now, pay later is not a new payment option, but it is an escalating one as more BNPL firms flood into the consumer market, making the practice easier all the time. BNPL’s growing popularity is setting off alarm bells regarding how the payment method will adversely impact vulnerable consumers, eliciting calls for regulators to step in.

(Bloomberg) -- US retail sales broadly declined in January, indicating consumers took a breather after a strong holiday shopping season.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereThe value of retail purcha