4524 Outlook

Economic Outlook: January 31, 2020

Jan 31, 2020  | Ep4524

According to the Commerce Department, U.S. consumer spending rose 0.3 percent in December.

Inflation matched that pace putting the annual increase at 1.6 percent - well below the Fed’s target of 2 percent.

GDP slowed in 2019 to 2.3 percent, a little more than 25 percent behind 2018.

The Fed left interest rates alone as U.S. economic expansion enters its 11th year - the longest on record.

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