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Revisions to Consumer Goods Spending behind lowered GDP growth
The Forex Market· 2 hours agoRevisions to first quarter GDP took the headline growth rate down to 1.3% from 1.6% previously, with...
GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed
Market Watch· 4 hours agoThe numbers: The U.S. economy grew at a slower 1.3% annual pace in the first three months of the...
Kohl’s Promotes Value to Middle-Income Consumers Buffeted by Inflation
PYMNTS.com· 11 minutes agoKohl’s is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the ...
Is Q1 GDP Data Easing Pressure On Fed To Cut Interest Rates? 5 Economists Weigh In - iShares 7-10...
Benzinga· 47 minutes agoThis represents the slowest growth rate since the second quarter of 2022. The revision was primarily driven by a decrease in real consumer spending, which ...
Best Buy posts disappointing sales for Q1, as consumers pull back on appliances, electronics
Yahoo Finance via AOL· 16 minutes agoComputing and mobile phones were down just 2.2%, compared to the 4.17% decline expected, while...
Key Fed Inflation Rate Revised Lower As GDP Growth Slides; S&P 500 Trims Losses
Investor's Business Daily· 3 hours agoQ1 GDP GDP grew at a revised 1.3% annual rate in the first quarter, down from...expenditures rose at...
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
San Francisco Chronicle· 50 minutes agoBest Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
...US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters - SPDR S&P 500...
Benzinga· 3 hours agoUS Q1 2024 economic growth was upwardly revised to 1.7% with higher inflation, while jobless claims...
US consumer confidence rises in May after three months of declines
NBC 10 - FOX 14 Monroe· 2 days agoWASHINGTON (AP) — Consumer confidence in the U.S. rose in May after three straight months of ...
The Rise in Consumers’ Late Debt Payments Is Slowing Down
The Wall Street Journal· 4 hours agoRight now, though, those...monthly data from CreditGauge showed the percentage of overall...