U.S. consumer spending climbs sharply in June, but mostly because of high inflation
admin The numbers: Consumer spending, the main engine of the U.S. economy, jumped 1% in June,…
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U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter…
Read MoreU.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter…
Read MoreMastercard earnings top expectations amid ‘robust’ spending
Mastercard Inc. became the latest payments company to signal upbeat spending trends as the card…
Read MoreConsumer credit surges again May to another record high
The numbers: The amount of credit consumers used in May rose by a sharp $22.3…
Read MoreConsumer spending slows sharply as inflation hits home
The numbers: Americans increased spending in May by just 0.2% — the smallest increase in…
Read MoreComing up: PCE inflation and consumer spending
The PCE inflation gauge preferred by the Federal Reserve is forecast to rise 0.7% in…
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Opinion: Almost all the economic numbers line up: A U.S. recession is likely
The United States is perilously close to falling into a recession, despite the reassurances of…
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