Neither business leaders nor consumers needed to hear Wednesday’s dismal news that the U.S. economy shrank 0.3 percent during the first quarter of 2025 to voice their concerns about the way things are ...
US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services. Spending on services contributed 0.3 ...
Economic growth came in pretty strong for the fourth quarter of 2024. As we learned on Thursday, GDP rose at an annual rate of 2.3%. And consumer spending is a key contributor. It rose 4.2% for the ...
The shocking strength of the economy helps explain the Federal Reserve’s Scrooge-like plans for interest-rate cuts next year. And the latest update on GDP over the summer offers another reminder. The ...
The latest gross domestic product report came in Thursday morning. It showed that last year ended with a moderating growth rate in the fourth quarter. But overall, GDP was strong in 2024, coming in at ...
U.S. economic growth slowed sharply in the first quarter of 2025 as businesses rushed to stockpile goods ahead of President Trump's sweeping tariff policies. The nation's gross domestic product — the ...
The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the broader U.S. economy still appears to be in pretty good shape thanks to American consumers.
Discover the definition, stages, and benefits of economic integration, and explore real-world examples like the European ...
WASHINGTON (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this ...
BEIJING, Oct 19 (Reuters) - China's economic recovery stepped up in the third quarter, data released is expected to show on Monday, as consumers returned to malls and major trading partners reopened ...