Economy News Us Inflation Decelerating In Boost To Economy

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

US retail sales growth slows in September; energy prices boost producer inflation

U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices, though the moderation was not enough to dampen economists' expectations for solid economic ... Read More

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

What today's inflation report says about the economy — and Social Security checks

Because of the shutdown, the federal government is belatedly releasing new Consumer Price Index numbers, which the Social Security Administration needs to adjust for next year's benefits. Well, much ... Read More

US economy saw stronger-than-expected job growth in September, but the unemployment rate rose

The Labor Department is finally releasing the jobs report for September, which was delayed for weeks due to the government shutdown. It is expected to show the economy added around 50,000 jobs that ... Read More

Americans plan to spend big this holiday season even as they fret about the economy, Visa finds

Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new ... Read More

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More

US economy growing at fastest pace in nearly 2 years — and the White House has declared it ‘explosive growth’

More than ever these days, gauging the health of the economy is almost like trying to gauge the health of Schrödinger's cat. Depending who you talk to, it is both on the upswing and trending downward, ... Read More