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Americans largely shrugged off higher prices in October and stepped up their spending at retail stores and online.
Tagged with: consumer spending Economy
Read More »Defying inflation, Americans ramped up spending in October
Key reason for supply shortages: Americans keep spending
Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt like spending freely again — a lot.
Tagged with: Economy spending supply chains
Read More »Fed to start reining in economic aid as inflation risk rises
With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary stimulus it gave during the pandemic recession.
Tagged with: Economy fed federal reserve inflation
Read More »US economy slowed to a 2% rate last quarter, weakest growth in COVID recovery
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.
Tagged with: consumer prices consumer spending Covid Economy
Read More »Exacerbated by pandemic, child care crisis hampers economy
The absence of reliable and affordable child care limits which jobs people can accept and ultimately restricts the ability of the broader economy to grow.
Tagged with: child care Covid Economy
Read More »US producer prices jump an unprecedented 8.3% year-over-year in August
Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
Read More »Powell: Fed on track to slow aid for economy later this year
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.
Tagged with: Economy fed jerome powell
Read More »Consumer spending slows to 0.3% gain in July as delta variant threatens
Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months hit its fastest pace in three decades.
Read More »Maryland economic directors say worker shortage impeding recovery
Unfilled jobs throughout Maryland remain one of the biggest barriers to rebooting an economy that had its knees buckled by the coronavirus pandemic.
Tagged with: Covid Economy jobs
Read More »Unemployment claims near pandemic low as economy strengthens
The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people.
Tagged with: Covid Economy jobs Unemployment
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