WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
February 28, 2020Latest News Updates From Christopher Rugaber
Federal Reserve Saw Declining Recession Risk in December
WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.
January 3, 2020US Gains a Robust 266,000 Jobs
WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.
December 6, 2019Survey: Businesses Added Just 67,000 Jobs in November
WASHINGTON — U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.
December 4, 2019Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.
November 13, 2019Survey: Business Hiring Falls to Seven-Year Low
WASHINGTON — A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found.
October 28, 2019Consumer Spending Rises 0.1% in August
WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.
September 27, 2019Retail Sales Rise Moderately as Auto Buying Jumps
WASHINGTON — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales. But there also were signs that consumers have become more cautious.
September 13, 2019Consumer Prices Rose 0.3% in July Amid Widespread Cost Increases
WASHINGTON — U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.
August 13, 2019US Retail Sales Rise 0.4% in June in Sign of Consumer Health
U.S. retail sales rose at a solid pace in June, providing crucial support to the economy at a time when other drivers of growth have faded.
July 16, 2019Trending
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