Second-Quarter GDP Revised Upward to 3.9%
Commerce Department's latest data may support the case for an interest-rate hike this year despite the "global malaise."
Second Quarter GDP Grows 2.3%
Personal consumption expenditures rose 2.9% last quarter, keeping the U.S. economy's moderate recovery on track.
U.S. Consumer Spending Shows Biggest Gain in Six Years
“This portends well for second-quarter growth and the broader momentum of economic activity in the second half of the year," an economist says.
April Data Show Modest Recovery From Q1 Slump
Personal income increased 0.4% in April but consumer spending and industrial production were soft.
National Sales Tax Wouldn’t Depress Consumer Spending: Study
When a tax on consumption is a "distinct percentage add-on," U.S. consumers tend to pay little attention, say researchers.
Consumer Spending Number Underwhelms
Paying less at the pump did not cause consumers to spend more in other areas last month.
Consumer Sentiment Wavers
A five-point drop in the University of Michigan survey means lower consumer spending could last for awhile.
Consumer Spending Hits Speed Bump
Personal consumption expenditures decreased $40 billion, or 0.3%, in December, the Bureau of Economic Analysis said, mostly due to slowing car sales.
Economic Rebound in Q2 Higher Than Estimated
Business investment and exports fueled 4.6% annualized growth in GDP, the U.S. economy's best performance since 2011.