U.S. retail sales rose in June as consumers boosted spending, which likely kept the economy on a solid growth path in the second quarter. Overall, the mixed report from the…
U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest…
U.S. consumer confidence fell to a nine-month low in April led by a darkening outlook that augers a recession beginning in the near future, a survey showed on Tuesday. The…
The cost of U.S. goods and services rose by a milder 0.3% in February, perhaps a sign the Federal Reserve’s fight against high inflation showed grudging progress. Prices had risen…
The Conference Board Consumer Confidence Index® increased slightly in March to 104.2, up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market…
The Conference Board Consumer Confidence Index decreased in February for the second consecutive month. The Index now stands at 102.9 (1985=100), down from 106.0 in January (a downward revision). The Present…
Stocks decline as GDP report raises fears of recession Newslooks- AP Stocks are falling early Thursday as investors reacted to news that the U.S. economy shrank for a second consecutive…
With inflation soaring and the Federal Reserve jumping in to raise interests, small businesses are left not knowing how things could go this summer. Consumers are spending more due to…
Inflation has finally slowed a tiny bit, the first time since November 2020. It was up to 6.6% in March, but in April it dropped slightly to 6.3%, according to…
The Fed just took its most aggressive move since 2000, raising the benchmark short-term interest rate by a half-percentage point. More hikes are expected to come in the next few…
The Federal Reserved is pulling out all the stops at this point to counter inflation, lifting the benchmark short-term interest rate by a half point with another half point in…