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FILE PHOTO: Trump's tariffs create the "Wild West" on America's factory floors

Nation Apr 04

How Trump’s latest tariffs could affect your personal spending

By Wyatte Grantham-Philips, Cora Lewis, Associated Press

Nation Mar 28

An auto salesman helps a customer in a Chevrolet dealership in Redford Township, Michigan,
U.S. inflation gauge remained high in February but consumer spending recovered after steep fall

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt…

By Christopher S. Rugaber, Associated Press

Economy Mar 17

People shop at Macy’s department store in Manhattan in New York City
U.S. shoppers mildly increased spending in February as anxiety over the economy rises

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.

By Christopher Rugaber, Anne D'Innocenzio, Associated Press

Economy Feb 28

People shop at a Home Depot store in Manhattan in New York City
Consumers cut spending by most in four years last month

Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy.

By Anne D'Innocenzio and Christopher Rugaber, Associated Press

Nation Feb 27

People shop at Macy’s department store in Manhattan in New York City
U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.

By Paul Wiseman, Associated Press

Dec 30

The retail trends, winners and losers of 2024

By Anne D'Innocenzio, Dee-Ann Durbin, Associated Press

Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.

Continue reading

Sep 26

U.S. economy grew at a solid amount last quarter, government says in final estimate

By Paul Wiseman, Associated Press

The Commerce Department reported that the nation's gross domestic product — the nation's total output of goods and services — growth picked up sharply in the second quarter.

Continue reading

Aug 29

U.S. economic growth revised up to solid 3 percent annual rate for second quarter of 2024

By Paul Wiseman, Associated Press

The U.S. economy grew last quarter at a healthy 3 percent annual pace, fueled by strong consumer spending and business investment, the Department of Commerce said Thursday in an upgrade of its initial assessment.

Continue reading

Aug 15

Americans spent more at retailers in July despite higher prices

By Christopher Rugaber, Anne D'Innocenzio, Associated Press

Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates.

Continue reading

Feb 26

Forecasters raise expectations for 2024 U.S. economy

By Associated Press

The economy looks set to grow 2.2% this year after adjusting for inflation. That’s up from an earlier forecast of 1.3%.

Continue reading

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