[ad_1] WASHINGTON (AP) — A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a…
Tag: Federal Reserve System
Economists predict US inflation will keep cooling and the economy can avoid a recession
[ad_1] NEW YORK (AP) — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of…
Business Highlights: Fed’s Powell notes easing inflation; Walmart ditches Musk’s X
[ad_1] ___ Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts WASHINGTON (AP) — Inflation is slowing steadily, but it’s too early to declare victory or…
This Week in Business: Retail sales, home sales, industrial production
[ad_1] Retailer checkup The Commerce Department releases U.S. retail sales data for September on Tuesday. Economists expect that Americans increased their purchases at retailers by 0.3% last month, which would…
Stock market today: Wall Street ticks higher after the first of 2 big updates on inflation this week
[ad_1] NEW YORK (AP) — U.S. stocks drifted higher in a quiet day of trading Wednesday as yields were mixed in the bond market, which has been the main driver…
CNBC Daily Open: Why did the unemployment rate and jobs rise in tandem?
[ad_1] A hiring sign is pictured at a McDonald’s restaurant in Garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Images This report is from today’s…
Crypto market bounces off recent sell-off, bitcoin rises to $26,500
[ad_1] A collection of bitcoin, litecoin and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies rose Wednesday as investors continued to grapple with the market’s summer doldrums and…
Stock market today: Global prices down after China reports weak July data and cuts key interest rate
[ad_1] BEIJING (AP) — Global stock markets declined Tuesday ahead of an update on U.S. retail spending after China reported that an economic slump deepened in July and its central…
Stock market today: Wall Street drifts as August’s doldrums continue for stocks
[ad_1] NEW YORK (AP) — Wall Street is slipping Monday ahead of a week of reports showing how strong U.S. shoppers remain, amid hopes their spending can keep the economy…
Stock market today: Asian stocks decline after US inflation edges higher
[ad_1] BEIJING (AP) — Asian stock markets declined Friday after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy. Shanghai, Hong Kong and Sydney declined.…