Economy News Wealthier Americans Are Driving Retail Spending And Powering Us Economy

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

Americans keep spending despite gloomy economy

Despite a pervasive sense of economic pessimism, Americans continue to spend robustly on goods and services. Recent retail trends reveal sustained consumer activity, even as negative sentiment looms ... 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

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

Americans' Downbeat Economic Sentiment Hasn't Stopped 'Aggressive' Spending

Sarina Trangle started as a corporate news reporter in October 2024. She previously spent four years on the business desk at Newsday, covering the health industry, commercial real estate and cannabis. Read More