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US GDP Growth Was Slower Last Quarter on Soft Consumer Spending
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods.Gross domestic product rose 1.3% annualized in the first three months of the year,
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade
US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters
US Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims rose to 220,000, slightly above expectations.
Consumers curb US economic growth in first quarter, inflation cools
The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates at least once before the end of the year.
INSTOREMAG
5d
US Consumer Confidence Rose in May
The Conference Board Consumer Confidence Index rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision).
7d
on MSN
US Consumer Confidence Rises for First Time in Four Months
US consumer confidence unexpectedly rose in May for the first time in four months as views about business conditions and the ...
5d
US GDP rose at slower pace in first quarter on softer spending
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods.
4d
on MSN
US inflation up moderately in April, consumer spending weakens
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
USA Today
6d
What grocery store items have increased in price the most? Here's how much Floridians pay
From March 2020 through March 2024, the cost of groceries
rose
by 24.7%, according to data from the Bureau of Labor ...
3d
on MSN
Price gauge logs slower US growth
Friday's report from the Commerce Department showed that an index that excludes volatile food and energy costs rose 0.2% from ...
1d
South Korea Consumer Inflation Slows to 10-Month Low
SEOUL (Reuters) - South Korea's consumer inflation slowed for a second straight month in May to a 10-month low, official data ...
Interest
11d
NZD crosses are little changed
A surprise jump in US consumer confidence and weak demand for US Treasuries at the 2 and 5-year auctions drove up US rates, ...
13d
on MSN
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that ...
4d
on MSN
Price cuts, weaker spending could bolster Fed's faith in inflation outlook
A new round of price cuts by major U.S. retailers and data showing a consumer spending slowdown may boost the Federal Reserve ...
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