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

US Economy Grows 3.1% in Q3 Thanks to Consumer Spending Boom

The U.S. economy grew at an annualized rate of 3.1 percent two, driven by a surge in consumer spending and exports, according to revised data from the Commerce Department released on Thursday. Read More

Consumer spending stalled in September as inflation remained stubborn

The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in ... Read More

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

WASHINGTON (AP) — 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 ... Read More

Rich people are spending. Everyone else is cutting corners.

If America’s economy has a prosperous holiday season, the data suggests, we’ll have rich folks to thank. The top 10% of earners now account for roughly half of all consumer spending, according to a ... Read More

US Consumer Spending Stalled in September, Inflation in Line

US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the face of stubborn inflation. Read More

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