U.S. economy grew 5.2% in third quarter, more than first estimated
Even with the downward revision, consumer spending remained robust, underpinned by a resilient jobs market and a flurry of travel and events.
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Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals
Many retailers ordered fewer goods for this holiday season and pushed holiday sales earlier in October than last year to help shoppers spread out their spending.
U.S. unemployment claims drop in another sign of labor market resiliency
The claims are viewed as a proxy for layoffs and remain extraordinarily low by historical standards, signalling that most Americans enjoy unusual job security.
Black Friday: Inside its evolution and how it changed holiday spending
The National Retail Federation projects that an estimated 182 million people are planning to shop in-stores and online through the five-day Thanksgiving weekend.
Why do Americans feel gloomy about the economy despite falling inflation, low unemployment?
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Inflation eased in October in latest sign of cooling economy
The latest monthly report offers a dose of encouragement as the Federal Reserve looks for enough progress to let up on its fight to tame consumer prices and slow the economy.
Timothy Moriarty and Brad Boswell: To capitalize on new era, we must address deficiencies
To take full advantage of the new economic opportunities coming Indiana’s away, addressing education and workforce development deficiencies will be paramount.
Worst sales reports in years show weakening U.S. consumer trends
With more than 80% of S&P 500 firms having reported, fewer than half have beaten revenue estimates for the third quarter—the lowest share since the same period in 2019, according to data compiled by Bloomberg Intelligence.
UPDATE: Fed leaves key rate unchanged but keeps open possibility of future hike
Policymakers are grappling with how much more pressure to keep on an economy that has largely shrugged off the central bank’s moves to slow it down.
U.S. consumers feeling less confident for third straight month
American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated.
Poll: Many Americans say household expenses outpacing earnings
About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.
U.S. consumers still spending briskly in face of persistent inflation, high interest rates
September’s month-to-month price increase exceeds a pace consistent with the Fed’s 2% annual inflation target, and it compounds already higher costs for such necessities as rent, food and gas.
U.S. economic growth accelerated to 4.9% rate last quarter
The nation’s economy expanded at a robust annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
September retail sales jump exceeds expectations
Americans showed their steadfast resilience and kept spending last month even as they grappled with higher prices, interest rates and a host of other headwinds.
U.S. consumer prices rise at brisk pace for second straight month
Recent inflation data underscore how a strong labor market is underpinning consumer demand, which risks keeping price pressures above the Fed’s target.
Wholesale inflation rises 2.2% in biggest year-over-year gain since April
The numbers, driven by an uptick in the price of goods, came in higher last month than economists had expected.
U.S. small-business optimism drops on outlook for economy, credit
A National Federation of Independent Business index of sentiment fell to a four-month low in September.
U.S. employers added surprisingly strong 336,000 jobs in September
The economy has now added an average of 266,000 jobs a month for the past three months, a streak that could make it likelier that the Federal Reserve will raise its key rate again before year’s end as it continues its drive to tame inflation.
Income tax revenue replacement ‘remains to be seen,’ state budget director says
The comments from Indiana State Budget Director Zac Jackson came during a virtual panel discussion on the impacts an economic recession would have on state budgets.
Retail sales rose 0.6% in August, largely due to spike in gas prices
The most recent quarterly financial reports from retailers showed that Americans remain cautious as higher interest rates make cars, homes or using credit cards more expensive.