Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.
Inflation dropped slightly in January but consumer spending, the primary driver of the U.S. economy, also saw its biggest decline in four years.
Shares have retreated in Asia, with benchmarks in Japan, Hong Kong and South Korea falling more than 2% after Wall Street indexes fell sharply on doubts over the frenzy around artificial-intelligence ...
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A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White ...
While the Federal Reserve slashed rates three times in 2024, they’ve kept rates steady so far this year — and some CDs are ...
Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, likely in part ...
Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
CLEVELAND, Ohio — After President Donald Trump targeted diversity, equity and inclusion efforts nationwide, the Cleveland Clinic is stepping back from some of its efforts. The health system is without ...
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central ...