The U.S. economy continues to showcase impressive resilience and momentum, as the Bureau of Economic Analysis (BEA) confirmed on…
Tag: U.S. consumer spending
U.S. GDP surges much better-than-expected to 3% for Q2; American consumer spending up 1.4%
American gross domestic product (GDP) jumped 3% for the second quarter, significantly better than the 2.3% estimate. U.S. President Trump…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
U.S. retail sales come up short in February as inflation hits Americans
U.S. retail sales rose just 0.3% in February, below the 0.4% estimate as inflation negatively impacted American consumer spending…
Tech stocks power S&P 500’s rally; on track for best August in 34 years
The S&P 500, which rallied for the seventh straight session on Friday, is on track for its best August in 34 years, partly powered by…
