U.S. consumer spending edged up a moderate 0.3% in August, the smallest gain in six months, as sales of cars and other durable goods fell.
September 28, 2018Latest News Updates From Martin Crutsinger
Consumer Spending Up 0.3% in August
US Economy Grew at Robust 4.2% Rate in Q2
WASHINGTON — The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade
September 27, 2018Fed Raises Rates for Third Time This Year With One More Expected
WASHINGTON — The Federal Reserve signaled its confidence in the U.S. economy Sept. 26 by raising a key interest rate for a third time this year, forecasting another rate hike before year’s end.
September 27, 2018August Housing Construction Up 9.2%, But Permits Slide
WASHINGTON — U.S. home construction rebounded in August at the fastest pace in seven months, but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs.
September 19, 2018Fed Survey Finds Concerns About Rising Trade Tensions
WASHINGTON — The Federal Reserve reported Sept. 12 that its latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.
September 13, 2018US Economy Grew at Brisk 4.2% Annual Rate Last Quarter
WASHINGTON — The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.
August 29, 2018US Productivity Posts 2.9% Growth in 2Q
WASHINGTON — U.S. productivity grew at an annual rate of 2.9% in the second quarter, the fastest pace in more than three years, while labor costs actually fell.
August 15, 2018Consumer Spending Up Solid 0.4% in June
WASHINGTON — Consumer spending rose by a solid 0.4% in June, while a key gauge of inflation increased at an annual pace of 2.2% for a second straight month — the strongest back-to-back gains in six years.
July 31, 2018US Economy Surges to 4.1% Growth Rate in 2Q
WASHINGTON — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.
July 27, 2018US Consumer Borrowing Up $11.6 Billion in March
WASHINGTON — Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years.
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