The old adage goes, “March comes in like a lion and goes out like a lamb.” However, for consumer spending, it looks like March came...
The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...
Taken as a whole, the Commerce Department’s latest reading on inflation shows a dip below a key psychological level. The Personal Consumption Index, as released Friday...
America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department,...
The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. In...
The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts....
Inflation is strong. Consumer spending is strong. Disposable income growth isn’t keeping pace. And personal saving as a percentage of disposable income is declining. To...
Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at...
U.S. durable goods orders climbed unexpectedly in August, per new government data. The Commerce Department announced Wednesday (Sept. 27) that orders for these long-lasting goods rose 0.2% last...