Economy News Us Economy News Today Could Consumer Spending Stall Rate Cuts

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

A flurry of economic data released Tuesday after a blackout during the government shutdown paints a confusing picture of the US economy. • September wholesale inflation rose by 0.3%, keeping the ... Read More

Rich people are spending. Everyone else is cutting corners.

The top 10% of earners now account for roughly half of all consumer spending, according to a report by Moody’s Analytics. That’s a historic high. Read More

Fed governor says current economy is 'calling for large interest rate cuts' to help job market

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation. Read More

US retail sales rose slightly in September, adding to months of big gains

Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer. Read More

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure ... Read More

The Consumer Sentiment vs. Consumer Spending Puzzle

Wherever consumer sentiment goes, consumer spending usually goes too. They’re like buddies that do everything together. Consumer sentiment wants a hair cut, its buddy consumer spending does too.But ... Read More

Rate Cuts Aren’t Helping Poorer Families. It’s a Bad Sign for Consumer Spending.

The Federal Reserve has cut interest rates by a quarter percentage point twice this year, and investors are hoping that easier policy will help reinvigorate consumer spending. But that might not match ... Read More

Consumer spending is the U.S. economy's main driver. Here's how it's doing

NPR's Ayesha Rascoe talks to Bankrate analyst Ted Rossman about consumer spending and debt, and what it tells us about the overall health of the economy. Read More

Wait, I thought the economy was terrible. What happened?

“The economy is struggling to create jobs. The unemployment rate is low but it’s now showing some stress,” Zandi said, adding that the closer the rate gets to 5%, the greater the risk of a ... Read More

Wall Street boosts bets on another rate cut next month

The odds of another interest rate cut from the Federal Reserve have climbed rapidly as officials open the runway toward another reduction. Read More