Retail Sales Rise 0.3% in November as Holiday Rush Begins
Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices.
Inflation Falls to 3% in June, Lowest in Two Years
After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier.
Car Prices Are Starting to Ease to Pre-Pandemic Levels
The U.S. new car market is returning to pre-pandemic norms as supply chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth.
Retail Sales Rise 0.4% in April
NEW YORK — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.
Retail Sales Slip 0.4% in February After January’s Burst
America’s consumers trimmed their spending in February after a buying burst in January, as retail sales slipped 0.4% with declines across multiple industries.
Inflation, Consumer Spending Cool in December
WASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
Cyber Monday Sales on Track to Break Record Despite Inflation
U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.
Resilient Consumers Spend Slightly More in August
WASHINGTON — Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent and other essentials.
Inflation Slows From 40-Year Peak, but Remains High
WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.
American Consumer Momentum Wanes Just in Time for the Holidays
The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.