Elevated petrol prices have contributed to a further increase in inflation last month, exacerbating the financial pressures faced by American households. A recent report released on Thursday indicates that savings rates among households have fallen to their lowest level in Read More …
The conflict with Iran is leading to increased gasoline prices for Americans, prompting a reduction in the consumption of certain durable goods. Retail sales increased by 0.5% in April compared to the previous month, according to the Commerce Department’s report Read More …
In March, Americans experienced significant reductions in their disposable income due to rising gas prices; nevertheless, they retained sufficient funds to allocate towards other expenditures. A surge in gas prices due to conflict propelled US retail sales up by 1.7% Read More …
The major U.S. index futures are indicating a higher open on Tuesday, suggesting that stocks are poised to rebound following the slight pullback observed in the prior session. A favorable response to recent earnings reports could bolster early momentum on Read More …
In February, American consumers increased their expenditures at retail establishments, reversing a trend of three consecutive months of decline. This development indicates that the US consumer remains resilient despite the challenges posed by sluggish job growth and subdued consumer sentiment. Read More …
President Donald Trump delivered a fervent defense of the US economy in his State of the Union address on Tuesday night. “Inflation is declining sharply, while incomes are increasing rapidly.” The economy is experiencing unprecedented growth. Without exaggeration, he is Read More …
The US economy experienced a deceleration in growth during the concluding months of 2025, as the unprecedented government shutdown exerted pressure on economic activity, culminating in a year marked by the most subdued growth since the pandemic. Nevertheless, it was Read More …
As the holiday shopping season gained momentum in November, consumer spending saw a notable increase; however, persistent inflation remained a significant concern, according to new data released on Thursday. A report from the Commerce Department, delayed due to the shutdown, Read More …
An initial reading of third-quarter gross domestic product indicated that the US economy expanded at an inflation-adjusted annualized rate of 4.3%, significantly outpacing the 3.8% recorded in the second quarter, as per data released by the Commerce Department on Tuesday. Read More …
The most recent official inflation data released prior to the Federal Reserve’s upcoming policymaking meeting was a report delayed by the shutdown, indicating that the rate of price increases persisted in September while consumer spending declined following a summer surge. Read More …