Consumer spending increased a robust 4.2% at an annual rate following ... But Trump’s federal hiring freeze and overall ...

The U.S. economic outlook has become more cloudy, however. Trump has promised to cut taxes and ease regulations on business, ...

What's the disconnect between consumers saying they are worried about the economy but holiday spending was at record highs?

And in December, they ramped up their spending significantly. Consumer spending shot up 0.7% from November, exceeding economists’ expectations for a 0.5% gain. With Thanksgiving landing late in ...

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 quarter. Spending on durable goods — items designed to last ...

Consumer spending is the locomotive of the U.S. economy and finished out 2024 on a hot streak. The increase in purchases in the fourth quarter was the strongest in almost two years.

How does the stock market perform after the implementation of tariffs? With some positivity, it seems. Read more here.

Talks on a spending bill for the current budget year have bogged down in the wake of President Donald Trump’s efforts to ...

WASHINGTON (Reuters) - U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no ...