Tag: U.S. Commerce Department
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...
A key U.S. inflation gauge reaches 6.8% as prices keep surging
WASHINGTON (AP) – An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest...
Retail sales up 1% in June as shoppers show resilience
NEW YORK (AP) – Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump...
Key inflation gauge tracked by the Fed remains a high 6.3%
WASHINGTON (AP) – A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged...
Key inflation gauge slowed to still-high 6.3% over past year
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in...
U.S. economy shrank by 1.4% in Q1 but consumers kept spending
WASHINGTON (AP) – The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a...
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