Tag: U.S. Commerce Department
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. economy slowed but still grew at 2.9% rate last quarter
WASHINGTON (AP) – The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of...
December retail sales fall 1.1% as inflation takes a toll
NEW YORK (AP) – Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising...
An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON (AP) – A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October,...
Retail sales flat in September as inflation takes a bite
NEW YORK (AP) – The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food...
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. economy drops at 0.6% annual rate from April through June
WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through...
Inflation eases as consumer prices rise 6.3% in July
WASHINGTON (AP) – Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
According to Commerce...
Government revision shows economy shrank 0.6% last quarter
WASHINGTON (AP) – The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in a slight upgrade...
U.S. retail sales were flat in July as inflation takes a...
WASHINGTON (AP) – The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many...
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