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."
GDP Growth Slows to 2.1% in Second Quarter
Consumers increased spending while exporters and manufacturers cut back.
American Express Beats Q2 Earnings Estimates
Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”
Tee Time: The Quiz
It’s a peak season for the U.S. golf industry. See how much you know about the business side of this popular sport.
U.S. Inflation Picks Up the Most in 15 Months
Deceleration in consumer spending is expected to curb the increase and keep interest rates unchanged.
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.
U.S. Economy Posts Surprise 3.2% GDP Gain
GDP got a boost in Q1 from a sharp decline in imports but economists warn that underlying spending and investment data point to slowing growth.
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.