Nov 29 U.S. economic growth for last quarter is revised up to a 5.2 percent annual rate By Paul Wiseman, Associated Press Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2 percent annual pace from July through September, the government said in an upgrade from its previous estimate. Continue reading
Nov 27 Consumers projected to spend around $12 billion on Cyber Monday By Haleluya Hadero, Associated Press Consumer spending for Cyber Week - the five days between Thanksgiving and Monday - provides a strong indication on how much shoppers are willing to spend during the holidays. Continue reading
Nov 24 Retailers step up Black Friday deals to with consumers on tighter budgets in mind By Anne D'Innocenzio, Associated Press Consumers are coming under pressure as their savings dwindle and their credit card debt grows. Despite some relief from easing inflation, many goods and services like meat and rent are still far higher than they were just three years ago. Continue reading
Oct 27 U.S. consumers keep spending even in the face of persistent inflation and high interest rates By Christopher Rugaber, Associated Press An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Continue reading
Oct 06 Watch 5:43 Job growth defies expectations but questions remain about overall health of economy By Paul Solman, Shoshana Dubnow The strength of the jobs market stunned again with a report surpassing most expectations. Employers added 336,000 jobs in September while unemployment remained at 3.8 percent. We also learned that nearly 120,000 more jobs were created in July and August… Continue watching
Aug 31 Watch 8:27 U.S. Commerce Secretary discusses trip to China amid military and economic tensions By Nick Schifrin, Dan Sagalyn, Zeba Warsi This week, Commerce Secretary Gina Raimondo became the latest high-ranking U.S. official to visit China and engage with top Chinese leadership. She went during a time of security and trade tensions between the two global giants and China's ongoing economic… Continue watching
Jun 30 A Federal Reserve inflation index falls to lowest level in 2 years By Christopher Rugaber, Associated Press At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April. Continue reading
Feb 15 American consumers retail sales jump as Americans defy inflation and rate hikes By Christopher Rugaber, Associated Press America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy's resilience in the face of higher prices and multiple interest… Continue reading
Jan 27 U.S. inflation and consumer spending eases in December By Christopher Rugaber, Associated Press The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Continue reading
Dec 26 Holiday sales rose 7.6 percent despite inflation By Associated Press Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Continue reading