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US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
Stamford Advocate· 4 days agoConsumer spending rose but at a slower pace than previously thought, a sign that high interest rates...
Discounting is back in fashion, as Americans get tired of paying more
NPR· 2 days agoThat newfound caution among consumers marks a change from last year, when robust spending kept the economy growing rapidly, even as people told pollsters they were gloomy ...
Fed’s favorite inflation tracker flatlined in April
The Hill via AOL· 3 days agoThe Federal Reserve’s preferred gauge of inflation flatlined in April as Americans pulled back slightly from spending, according to federal data released...
Consumers curb US economic growth in first quarter, inflation cools
Reuters via Yahoo Finance· 4 days ago...U.S. economy grew more slowly in the first quarter than previously estimated after downward...
S&P 500, Nasdaq drop as investors weigh inflation data, tech drags
StreetInsider· 3 days agoAn index of semiconductors was down 2.6%, while shares of Dell plummeted 18% after it forecast current-quarter profit below market estimates and signaled that higher costs to build servers that ...
Stock Market Today: Stocks slide on inflation concerns; GDP slows, Salesforce plunges
TheStreet via Yahoo Finance· 4 days agoKohl's (KSS) shares, on the other hand, tumbled more than 21% to 21.42 each after the department...
Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait
RISMedia Real Estate News· 3 days agoThe personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce ...
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
Associated Press via AOL· 3 days agoA price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that...
US Is Slowing AI Chip Exports to Middle East by Nvidia, AMD
Bloomberg via Yahoo Finance· 4 days ago...the Middle East, according to people familiar with the matter, while officials conduct a national...
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year - WTOP News
WTOP Washington· 3 days agoA price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that...