American consumer sentiment seems to be holding steady even as inflation concerns linger.
at the company's developer's conference in San Jose, where the chipmaker showcased its latest inroads in the technology. The new AI graphics processors called Blackwell are expected to ship later this year. The announcement comes as the chip giant aims to cement its dominance in the AI market.is failing and the world should give up on the idea of phasing out oil and gas.
"After strong gains between November 2023 and January 2024, consumer views have stabilized into a holding pattern; consumers perceived few signals that the economy is currently improving or deteriorating," said Joanne Hsu, the survey's consumers director. Still, there are worrying signs consumer spending could be slowing down amid sticky inflation and high borrowing costs.while January's decline was revised even lower to 1.1%.
The latest Bank of America report also showed inflation is taking a toll on Americans as card spending was weak in February.
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