Consumer credit rises $6.44 bln in January
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U.S. consumer credit rose $6.44 billion in January as growth in closed-end consumer loans for cars, holidays and other big-ticket items outstripped slower growth in credit card usage, a Federal Reserve report showed on Wednesday.
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U.S. consumer prices rose more than  expected in January despite a dip in energy prices, as medical  costs jumped, according to a Labor Department report on  Wednesday that revived worries of inflation.
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U.S. consumer sentiment rose in  January to its highest in two years on favorable expectations  for the U.S. economy and for higher wage gains, a survey showed  on Friday.
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Analysts expect a 0.1 percent rise when the consumer price index for January is released at 8:30 a.m. today. The CPI was up 0.5 percent in December.
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Personal incomes rose in January at the fastest clip in a year, bolstered by bonus payments to high-income executives and pay raises for federal workers. The extra income helped support a better-than-expected rise in consumer spending.
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Consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reported Wednesday.
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A widely watched indicator of consumer confidence unexpectedly rose for the second straight month in January, hinting that the U.S. economy would continue to grow in the first half of 2005, but at a slower pace.
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Sales at retailers unexpectedly rose  0.3 percent in January, partly reflecting stronger sales of new  cars and gasoline, according to a Commerce Department report on  Wednesday.
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DETROIT  -Consumer incentives offered on new cars rose nearly 2 percent in May from a month earlier in the U.S. market, according to a report released on Friday.
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Homeowners increased their mortgage borrowing by almost $600 billion in the last quarter of 2006, an annual pace of 6.4 percent.
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The nationâs third-largest credit card company said net income rose to $1.06 billion in the second quarter, fueled by record spending.
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A widely watched indicator of consumer confidence unexpectedly rose for the second month in a row in January, a private research group reported Tuesday.
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Late payments on U.S. mortgages  increased in the fourth quarter to their highest level in three  and a half years and foreclosures rose, driven by subprime  borrowers with weak credit, the Mortgage Bankers Association  said on Tuesday.
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Food and health care costs drove consumer prices to a 0.2 percent increase in January.
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WASHINGTON -- Consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reported Wednesday.
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Surging energy costs drove U.S.  consumer prices up by a hefty and larger-than-expected 0.6  percent last month, the biggest jump since May, a government  report showed on Wednesday.
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WASHINGTON -- Consumers' borrowing grew in January, reflecting an increase in auto loans. The Federal Reserve reported yesterday that consumer credit rose at a 3.2 percent annual rate, up from December's 2.5 percent increase.