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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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Fed survey: Growth improves modestly throughout U.S.

WASHINGTON — A Federal Reserve survey says economic growth increased throughout the United States from April through mid-May, fueled by home construction, consumer spending and steady hiring. Eleven of the Fed’s banking districts reported “modest to moderate” economic growth, according ...

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Economists predict increase in consumer spending

WASHINGTON — Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict that the U.S. economy will grow 2.4 percent this year and ...

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