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U.S. economy shrank by 1.5% in Q1 but consumers kept spending

WASHINGTON (AP) – The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a...

Key inflation gauge jumped 6.6% in March, most since 1982

WASHINGTON (AP) – An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest 12-month...

Key inflation gauge sets 40-year high as gas and food soar

WASHINGTON (AP) – An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher...

Key inflation gauge hit 6.1% in January, highest since 1982 

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the...

U.S. GDP slowed sharply in Q3 but big rebound expected in...

WASHINGTON (AP) – The United States economy slowed to a modest annual rate of 2.1% in the July-September quarter according to the government’s second...

U.S. home construction dips 0.7% in October, but permits jump

SILVER SPRING, Md. (AP) – Construction of new homes in the United States fell 0.7% in October, but a big jump in the number...

Americans ramped up retail spending a strong 1.7% last month

WASHINGTON (AP) – Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain...

U.S. trade deficit hits record of $80.9B in September

WASHINGTON (AP) – The United States trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports,...

U.S. consumer spending up a modest 0.6% with inflation high

WASHINGTON (AP) – American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains...

U.S. economy slowed to a 2% rate last quarter in face...

WASHINGTON (AP) – Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed to a 2% annual rate in the July-September...

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