Economy News Consumer Spending Rose In July Despite High Pricing

Treasury Secretary Bessent expects consumer prices to drop starting next month amid economic recovery

The Trump administration's Treasury secretary is expecting "substantial real income increases" in the first quarter of 2026, as Scott Bessent claims an affordability crisis is now "under control." ... Read More

Nigeria's Economy Growing but High Food Prices a Burden, World Bank Says

ABUJA (Reuters) -Nigeria has made significant progress in stabilizing its economy through recent policy reforms but needs to do more to improve living standards and tackle soaring food prices, the ... Read More

America's wealthiest shoppers are boosting spending — and the US economy — while lower earners pull back

Americans making over $100,000 a year are boosting the US economy, with industries ranging from travel and the auto industry to packaged foods and even dollar stores feeling the shift. “Our consumer ... Read More

Banks see a resilient American economy despite unknowns with tariffs, inflation

Wall Street had one of its most profitable quarters despite uncertainties facing the American economy that include erratic trade policy and steep tariffs from the White House and geopolitical upheaval ... Read More

Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Data show a resilient economy. But that largely ... Read More