Tag: consumer spending
Key inflation gauge rose last month while Americans cut back on...
WASHINGTON (AP) – A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut...
U.S. economy shrank 0.5% between January and March
WASHINGTON (AP) – The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce...
Inflation rose slightly last month as grocery prices ticked higher
WASHINGTON (AP) – U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.
Consumer prices increased 2.4%...
U.S. economy falls 0.2% in first quarter, an upgrade from initial...
WASHINGTON (AP) – The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President...
U.S. economy shrinks 0.3% in first quarter as Trump trade wars...
The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years. It was slowed by a...
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...
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