Tag: U.S. Commerce Department
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...
U.S. growth in Q4 revised lower to 6.9%, slower growth to...
WASHINGTON (AP) – The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday,...
Retail sales up 0.3% in February amid higher prices
NEW YORK – After beginning the year in a buying mood, Americans slowed their spending in February as prices for food, gasoline, toothpaste and...
Retail sales surge 3.8% in Jan. as threat of omicron eases
NEW YORK (AP) – Americans picked up the spending pace in January as the threat of omicron faded and there was some easing of supply...
U.S. retail sales jump 5.3%, thanks to $600 stimulus checks
NEW YORK (AP) – The $600 stimulus checks got Americans shopping again. After three months of declines, retail sales soared a seasonally adjusted 5.3%...
U.S. retail sales fell in Dec. for 3rd straight month
NEW YORK (AP) – Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during...
Retail sales fell 1.1% in November, biggest drop in 7 months
NEW YORK (AP) – Retail sales fell 1.1% in November, the biggest drop in seven months, and a sign Americans held back on spending...
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