U.S. Consumer Spending Increases 0.2% in January
“Consumers shielded the economy from global headwinds for most of 2019 but they won’t prove immune to the coronavirus outbreak."
U.S. Economy Posts Smallest Annual Gain Since 2016
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
Media to Go Tech-Free in Data Release ‘Lockups’
The Trump administration says reporters' use of computers in secure lockup rooms can give high-speed traders a "head start" on market-moving news.
Consumer Spending Rises 0.4% in November
“Despite the late start to the holiday season, U.S. consumers were in a festive mood, suggesting the backbone of the economy remains rock solid."
U.S. Labor Costs Growth Lowered to 2.5% for Q3
The sharp downward revision suggests inflation will continue to run below the Federal Reserve’s 2% target.
U.S. Economic Growth Slows to 1.9% in Q3
“There is something of a tug-of-war going on between consumers, who continue to spend, and businesses, which have sharply pulled back on investment.”
U.S. Adds Chinese Startups to Trade Blacklist
Ahead of this week's trade talks between the two countries, the timing of the U.S. action "is going to be awkward for the Chinese."
Consumer Spending Rises Only 0.1% in August
With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
U.S. GDP Gain Revised Down to 2.0% for Q2
The government's second estimate of GDP showed a rebound in corporate profits as businesses benefited from strong consumer spending.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."