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Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
NBC Universal via AOL· 1 hour agoU.S. consumers and businesses alike have turned cautious about spending this year because of...
PCE inflation report could show U.S. prices rising at slowest rate of the year
Market Watch· 6 hours agoThe PCE is the Federal Reserve’s preferred price barometer because it’s the most comprehensive...
Q1 GDP revised down on lackluster consumer spending
FOX Business· 2 hours agoThe second estimate for real gross domestic product (GDP) in the first quarter of 2024 was revised downward, according to the Bureau of Economic Analysis...
The American shopping spree is losing steam
CNN Business via AOL· 3 hours agoIt’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in...
GDP shows U.S. economy grew 1.3% in the first quarter as consumer spending slowed
Market Watch· 9 hours agoThe biggest contributors to the tepid GDP report were a wider trade deficit and lower production of...
Consumers curb US economic growth in first quarter, inflation cools
Reuters via Yahoo Finance· 9 hours ago(Reuters) -The U.S. economy grew more slowly in the first quarter than previously estimated after...
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
Associated Press via AOL· 9 hours agoThe U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest...
Biden gets more bad news about the economy
Newsweek· 5 hours agoThe U.S. economy accelerated at a slower pace in the first quarter than initially thought, the Commerce Department revealed on Thursday, as consumers...
First Quarter Economic Growth Revised Downward on Weaker Consumer Spending
US News & World Report· 9 hours agoConsumer spending slowed in the first quarter, bringing economic growth down to a 1.3% annual rate, the Bureau of Economic Analysis said as it released ...
Revisions to Consumer Goods Spending behind lowered GDP growth
The Forex Market· 8 hours agoRevisions to first quarter GDP took the headline growth rate down to 1.3% from 1.6% previously, with...
