US inflation increases moderately; consumer spending boosts Q2 outlook

U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while. Read More

Average Long-Term US Mortgage Rate Rises Modestly This Week, Holding Just Below 7%

Average Long-Term US Mortgage Rate Rises Modestly This Week, Holding Just Below 7% LOS ANGELES (AP) — The average long-term U.S ... it was two weeks ago. After climbing to a 23-year high ... Read More

The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?

That’s down from a robust 4.1% in the second half of last year. Most forecasters expect slower gains later this year. Read More

US Job Openings Rise Modestly to 8.8 Million in February in Strong Labor Market

US Job Openings Rise Modestly to 8.8 Million in February in Strong Labor Market WASHINGTON (AP) — U.S ... consumer prices were up 3.2% from a year earlier — down from a four-decade high ... Read More

Key Fed inflation gauge, consumer spending rise in February

Consumer spending spiked ... benchmark rate later this year. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. Read More

American Express' consumer spending thrives, but small business lags

Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment. Read More

U.S. job openings rise modestly in February

WASHINGTON >> U.S. job openings barely ... In February, consumer prices were up 3.2% from a year earlier — down from a four-decade high year-over-year peak of 9.1% in June 2022. Read More

Indian Rupee to Rise Modestly Against Dollar in Next Three Months: Reuters Poll

BENGALURU (Reuters) - The Indian rupee will strengthen only marginally against the U.S. dollar over the ... recently hit a record high of $642.63 billion. "The RBI's two-way FX intervention ... Read More

Consumer spending likely to be affected in 2024

PETALING JAYA: Sustained high inflation, coupled with expected hikes in utility tariffs as well as the impending subsidy rationalisation may result in subdued consumer spending in 2024. Read More