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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.
7d
on MSN
US consumer confidence rises in May after three months of declines
Consumer confidence in the U.S. rose in May following three straight months of declines, but Americans remain anxious about ...
7d
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). The Present Situation Index—based on consumers' assessment of current ...
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 ...
11d
US Economy News Today: Consumer Sentiment Drops to Lowest Reading in Five Months
Today, durable goods orders rose despite economists' expectations of a decrease and final estimates of consumer sentiment are ...
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.
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.
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 ...
23h
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 ...
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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