Tag: Commerce Department
Retail sales unexpectedly fall in July as government tax refunds fade
NEW YORK (AP) – Americans unexpectedly cut their spending in July as a boost from government tax refunds faded.
Retail sales slipped 0.6% last month,...
U.S. economy grows a sluggish 1.5% in Q2 with inflation remaining...
WASHINGTON (AP) – The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And...
Retail sales up a modest 0.2% in June
NEW YORK (AP) – Shoppers slowed their spending in June from May amid continuing economic uncertainty and fading benefits from generous government tax refunds.
Retail...
Key inflation gauge jumps to 3-year high in latest sign of...
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising...
Retail Sales up 0.9% in May as the weather improved and...
NEW YORK (AP) – Shoppers increased their spending in May as temperatures warmed and gasoline prices cooled.
Retail sales rose a better-than-expected 0.9%, up from a...
Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON (AP) – A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges...
Retail sales growth slowed in April from March as higher gas...
NEW YORK (AP) – Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for some...
U.S. economy grew 2% from January-March, recovering from federal shutdown
WASHINGTON (AP) – The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering...
Retail sales up 1.7% in March from February driven by a...
NEW YORK (AP) – Shoppers accelerated their spending in March from February, but they spent most of their money at the gas pump.
A spike...
Soaring gas prices leads to biggest monthly inflation spike in four...
WASHINGTON (AP) – The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges...
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