Tag: consumer spending
U.S. inflation and consumer spending cooled in December
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's...
U.S. hiring stays brisk as employers add 223,000 jobs
WASHINGTON (AP) – America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the...
U.S. retail sales rose 1.3% last month, a sign of resilience
WASHINGTON (AP) – Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday...
U.S. consumer inflation eased to 7.7% over past 12 months
WASHINGTON (AP) – Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the...
Fed’s Kashkari: Jobs report shows why more rate hikes needed
WASHINGTON (AP) – The solid U.S. jobs report for October underscores why the Federal Reserve needs to raise interest rates higher than it had previously...
Retail trade group: Holiday sales to slow from last year’s blistering...
NEW YORK (AP) – The National Retail Federation, the nation's largest retail trade group, expects holiday sales growth will slow to a range of...
U.S. economy returned to growth last quarter, expanding 2.6%
WASHINGTON (AP) – The U.S. economy grew at a better-than-expected 2.6% annual rate from July through September, snapping two straight quarters of economic contraction...
Resilient U.S. consumers spend slightly more in August
WASHINGTON (AP) – Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation...
U.S. consumers gaining confidence as gas prices keep falling
WASHINGTON (AP) – U.S. consumers grew more confident for the second month in a row as gas prices continued to fall.
The Conference Board said...
U.S. hiring slowed in August as employers add 315,000 jobs
WASHINGTON (AP) – America's employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending, all...
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