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Retail sales up in June, easing fears of a recession
Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices.
January retail sales surge 3.8% as consumers defy inflation
Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation.
Inflation is painfully high, but some relief may be coming
Many economists expect inflation to remain near the current high level a few more months but to then moderate through 2022 for a variety of reasons.
Consumer confidence hits 9-month low in November
U.S. consumer confidence fell to a nine-month low in November, clipped by rising prices and concern about the coronavirus.
Key reason for supply shortages: Americans keep spending
Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt like spending freely again — a lot.
In ‘surprising upturn,’ spending rises in August despite delta variant spread
Americans continued to spend at a brisk pace in August in the face of rising COVID-19 infections, though much of it was done online.
Manchin seeks ‘strategic pause’ on Biden bill, opposes spending $3.5T
Sen. Joe Manchin said Congress should take a “strategic pause” on more spending, warning that he does not support President Joe Biden's $3.5 trillion package.
Consumer spending slows to 0.3% gain in July as delta variant threatens
Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months hit its fastest pace in three decades.
Americans spent less in July as COVID-19 cases surged
Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores.
Senate Democrats unveil $3.5T budget for social, climate efforts
Senate Democrats unveiled a budget resolution Monday that maps $3.5 trillion in spending boosts and tax breaks aimed at strengthening social and environmental programs.
Consumers boost spending 1% in June as inflation remains high
Consumers increased their spending by 1% in June, as the economy rebounds from the recession but is facing risks from the delta variant of the coronavirus.
Consumer prices surge in June by the most since 2008
Prices for U.S. consumers jumped in June by the most in 13 years.
