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Tag Archives: consumer spending

U.S. economy may need continued support from Fed

WASHINGTON — A key government report and a statement from the Federal Reserve made clear Wednesday that the U.S. economy still needs help. The economy grew at a lackluster 1.7 percent annual rate in the April-June quarter, the Commerce Department ...

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Consumer prices up 0.5 pct. in June on gas hike

WASHINGTON — Higher gasoline costs pushed a measure of U.S. consumer prices up in June. But the overall trend in inflation stayed tame. The Labor Department said Tuesday that the consumer price index increased 0.5 percent in June from May. ...

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Retail sales jump 0.6 percent in May on autos

WASHINGTON — Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods. The gain shows consumers remain resilient despite higher taxes and could drive faster growth later this year. The Commerce Department ...

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