Tag: consumer spending
U.S. inflation remained elevated last month as consumer spending recovered
WASHINGTON (AP) – An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been...
U.S. economy grew 2.4% in the 4th quarter after upgrade in...
WASHINGTON (AP) – The U.S. economy expanded at a healthy annual 2.4% pace the final three months of 2024, supported by a year-end surge in...
U.S. consumer spending falls in January most since February 2021
WASHINGTON (AP) – U.S. consumers cut back drastically on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by...
Economist: After high inflation, debt may hold back momentum
Inflation may have cooled in recent months, but households in Rhode Island and beyond continue to feel the aftereffects.
Thomas Tzitzouris, head of fixed income...
R.I. seventh-best state in the nation for entrepreneurs, study finds
PROVIDENCE – Rhode Island has become significantly more welcoming to entrepreneurs, according to a study by Simplify LLC.
The company, an independent publication based in...
Holiday shoppers increased spending by 3.8% despite higher prices
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to...
American consumers feeling less confident in December, Conference Board says
The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise...
U.S. economy grows at 2.8% pace in third quarter on consumer...
WASHINGTON (AP) – The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in...
U.S. economy grew at a solid 2.8% pace last quarter on...
WASHINGTON (AP) – The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the...
Wealthier Americans are driving retail spending and powering U.S. economy
WASHINGTON (AP) – It's a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores...
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