Tag: consumer spending
Retail sales rise 0.6% in August largely due to a spike...
NEW YORK (AP) – Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as...
Sharply higher gas prices pushed up inflation in August, yet underlying...
WASHINGTON (AP) – A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence...
U.S. consumer confidence wanes with prices still high, signs of a...
Americans are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend.
There...
Powell: Economy’s solid growth could require additional Fed hikes to fight...
JACKSON HOLE, Wy. (AP) – The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday...
Federal Reserve minutes: Too-high inflation, still a threat, could require more...
WASHINGTON (AP) – Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases,...
Fed’s Powell: More rate hikes are likely this year to fight...
WASHINGTON (AP) – With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair...
U.S. consumer confidence declines again in May
Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.
The Conference Board reported...
Retail sales up 0.4% in April from March, buoyed by solid...
NEW YORK (AP) – Consumers picked up their spending modestly in April from March, buoyed by a solid job market and easing inflationary pressures.
A...
U.S. economy grew at weak 1.1% rate in Q1 in sign...
WASHINGTON (AP) – The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered...
U.S. revises down last quarter’s economic growth to 2.6% rate
WASHINGTON (AP) – The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the...
