US Economy News Today: Consumer Sentiment at Lowest Point Since Last Year

Today, inflation cooled and we look ahead to what that means for the Federal Reserve's upcoming meeting. Read More

Inflation measure closely watched by the Fed rises 2.5% in June

The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices. Read More

US Economy News Today: The Economy Grew More Than Expected in the Second Quarter

Despite signs of a slowdown in recent weeks, economic growth surprised economists by being higher than expected in the second quarter. Gross domestic product (GDP) was up by an annual rate of 2.8% in ... Read More

Inflation dropped slightly to 2.5% in June in Fed’s preferred gauge

Inflation cooled to 2.5% for the year ending in June in the index favored by the Federal Reserve, the Bureau of Economic Analysis reported Friday, down one-tenth of a percentage point from the ... Read More

What you need to know about America’s shockingly good economic report

even as economic growth accelerated. That’s a crucial development for the Federal Reserve, which is widely expected to pare back interest rates from a 23-year high in the coming months. “Buried deep ... Read More

US economy grew much faster than expected in 2nd quarter

The U.S. economy grew much faster than expected over three months ending in June, accelerating from the previous quarter and defying concerns about a possible slowdown. U.S. GDP grew at a 2.8% ... Read More

US economic growth increased last quarter to a healthy 2.8% annual rate

The American economy, boosted by healthy consumer spending, is believed to have regained some momentum this spring after having begun 2024 at a sluggish pace. Read More

Key Inflation Measure Shows Prices Cooled in May

A closely watched measure of Inflation cooled in May to the slowest annual pace in three years, the Bureau of Economic Analysis said on Thursday. The personal consumption price expenditures index ... Read More

US economic growth regains steam in second quarter; inflation slows

The U.S. economy grew faster than expected in the second quarter, but inflation subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve. Gross domestic product ... Read More

US economic growth seen picking up in second quarter, inflation subsiding

U.S. economic growth likely picked up in the second quarter, spurred by solid consumer spending and inventory building, but the pace of expansion should still leave expectations of a September ... Read More

This week in Bidenomics: What economy?

The state of the economy is almost always the most important factor in presidential elections, and 2024 started out no differently. The basic question all year has been whether inflation would ... Read More

What is the price of gold today?

That's especially the case when market or economic uncertainty hits. In fact, gold is typically viewed as a safe-haven asset and inflation hedge. As of July 25, 2024, the price of gold is $2,376. ... Read More