Consumer spending rebounded by a solid 1.3% in October despite inflation that over the past year has accelerated faster than it has in decades.

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Americans largely shrugged off higher prices in October and stepped up their spending at retail stores and online.

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American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign amid a prolonged bout of high inflation.

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Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed sharply to a 2% annual growth rate in the July-September period.

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U.S. consumer spending accelerated in August amide a surge in COVID-19 cases, even as soaring demand and snarled supply chains kept inflation high.

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U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

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WASHINGTON — U.S. consumer spending surged 0.9% in March, the biggest gain in nearly a decade, as inflation pressures remain non-existent.

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WASHINGTON — The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction. The Fed said Wednesday in its latest snapshot of the economy that nine ...

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WASHINGTON — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured ...

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Consumer spending in Maryland rose slowly but steadily in the years after the Great Recession, according to a report released by the federal government on Thursday.

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