Tag: Commerce Department
Drop in May orders for U.S. capital goods follows April jump
NEW YORK - Orders placed with United States factories for business equipment cooled unexpectedly in May after an upwardly revised April jump that was...
U.S. retail sales top forecasts, bolstering economic pickup
NEW YORK – United States retail sales rose in May by the most in six months, exceeding forecasts and bolstering expectations for an acceleration in...
U.S. inflation accelerates to six-year high, eroding wages
NEW YORK - United States inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual...
U.S. Q1 growth revised down to 2.2% on inventories
NEW YORK - The United States economy grew in the first quarter at a slightly slower pace than previously estimated, while tax cuts gave...
U.S. capital-equipment orders rise in sign demand resilient
NEW YORK - Orders placed with United States factories for business equipment rebounded in April even as the prior month’s figure was revised downward, indicating...
U.S. April retail sales gain points to healthier second quarter
NEW YORK - United States retail sales rose for a second month in April in broad fashion as bigger after-tax paychecks helped compensate for rising...
U.S. March consumer spending picks up; inflation hits Fed goal
NEW YORK - United States consumer spending picked up in March while the Federal Reserve’s preferred inflation gauge hit the central bank’s 2 percent...
U.S. retail sales rebound in sign consumer weakness transitory
NEW YORK - United States retail sales rose by more than expected in March in the first gain in three months, suggesting consumer demand...
U.S. consumer spending gain lags behind income for second month
NEW YORK - Consumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017...
U.S. economic growth revised higher on spending, inventories
NEW YORK - The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to...
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