People Still Spending on Tech Despite Red Flags in July Report

Photo credit: Kindel Media via Pexels. Article by Riley Gutiérrez McDermid. Gizmodo – August 31, 2025.

U.S. consumers continued to open their wallets in July, a new study from the Bureau of Economic Analysis showed on Friday, underscoring the resilience of household demand even as inflation held above the Federal Reserve’s target. That doesn’t mean that they didn’t wince while doing it. The Federal Reserve’s preferred inflation gauge, the personal-consumption expenditures price index, rose 0.2% on the month and 2.6% from a year earlier. […]

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