WATCH: Biden introduces $1.9 trillion COVID-19 rescue plan to help economy
U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic.
UN says world economy may shrink by almost 1 percent in 2020
A new report from the U.N. Department of Economic and Social Affairs on Wednesday warned that world output could contract even further if restrictions on economic activities extend to the third quarter of the year, and if fiscal responses fail…
U.S. retail sales dip 0.3 percent in September
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
How the Federal Reserve rate cut could affect your finances
The Fed’s reduction of the federal funds rate is only one of many factors that affect the U.S. economy, but it can still trigger shifts that trickle down into Americans’ finances.
Consumer credit is a key indicator of the willingness of households to increase borrowing to support consumer spending, which accounts for 70 percent of economic activity.
The March gain was the biggest monthly increase since August 2009, the Commerce Department reported.
When you focus on what you value most about the holidays, it’s far easier to moderate your spending, writes Tanja Hester who subscribes to a frugal lifestyle.
The strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
U.S. consumer spending rose a solid 0.4 percent in July, the sixth straight month of healthy gains.
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