Tag: consumer spending
U.S. inflation eases but stays high, putting Fed in tough spot
WASHINGTON (AP) – U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing...
Inflation pressures put Powell in spotlight before Congress
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...
Key U.S. inflation measure surges at fastest rate since June
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures...
U.S. revises down last quarter’s economic growth to 2.7% rate
WASHINGTON (AP) – The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...
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...
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