Tag: U.S. Commerce Department
Spending at bars, restaurants surges as Americans shrug off inflation, recession...
NEW YORK (AP) – Americans didn't let persistent inflation and lingering worries about a recession cut into summer spending on eating and drinking out.
Retails...
Retail sales rose solidly last month in a sign that consumers...
NEW YORK (AP) – Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas-- in a...
Americans bump up spending in June as inflation eases in a...
NEW YORK (AP) – Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong.
Retail sales...
U.S. economic growth last quarter is revised up sharply to a...
WASHINGTON (AP) – Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January...
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...
Commerce Department starts process to fund U.S. tech hubs with $500M...
WASHINGTON (AP) – The Commerce Department on Friday is launching the application process for cities to receive a total of $500 million in grants...
A key inflation gauge tracked by the Fed slowed in February
WASHINGTON (AP) – The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price...
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...
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