Data Says Consumer Spending Pulled Back, Which Is Bad Economic News
Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying ...
Here’s just how much the cost of basic necessities has gone up in the past 5 years
Overall prices on consumer goods and services are up 23% in the last five years but many basic necessities have risen even ...
Understanding GDP: Why Imports Don't Actually Reduce Economic Growth
The current political discussion about tariffs has led to confusion about imports and GDP. Business leaders assessing the ...
The Washington Post on MSN6d
Trump official floats new approach on GDP, as economy is poised to slow sharply
Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry ...
Fox Business host on ‘shocking decline’ in consumer spending: ‘The boom times are over’
Fox Business Network host Charles Payne said the apparent decline in consumer spending was “shocking” on Friday, and he claimed a return to “boom times” was not on the ...
Surprising Trends in American Spending Habits You Need to Know
Consumer Spending in Specific Categories . Below are the major spending categories the BLS aggregates and tracks statistics on. Note that as of September 2024, the most recent ann ...
US consumer spending declines; annual inflation subsides
U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial ...
Interest rates likely won’t change
The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread ...
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US consumer spending falls in January; monthly inflation rises
Consumer spending, which accounts for more than two-thirds of U.S ... which are expected to disrupt supply changes and ...
Federal Reserve Chair Jerome Powell says interest rates on hold amid rise in economic uncertainty
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration ...
US Consumer Confidence Fell Sharply in February
The Conference Board's Consumer Confidence Index fell to 98.3 in February, down from 105.3 in January, marking a seven-point ...
The New York Sun7d
Facing Dismal Economic Projections From Atlanta Fed, Commerce Secretary Proposes Major Change to GDP Reporting
The Atlanta branch of the Federal Reserve is now predicting that America’s GDP could decline by as much as 2.8 percent in the ...