Commerce Department

GDP Increased 3.1% in 2023 as Consumers Kept Spending

GDP Increased 3.1% in 2023 as Consumers Kept Spending
GDP Increased 3.1% in 2023 as Consumers Kept Spending
January 25, 2024  |  Economy

America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. Get the Full Story Complete the form to unlock this article...

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Falling Prices Point to Soft Landing for Economy
Falling Prices Point to Soft Landing for Economy
December 22, 2023  |  Economy

The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. Get...

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Fed: Smaller Banks Report Pressure on Commercial Loan Demand
Fed: Smaller Banks Report Pressure on Commercial Loan Demand
November 30, 2023  |  Economy

The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts....

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Disposable Personal Income Growth Lags Pace of Inflation
Disposable Personal Income Growth Lags Pace of Inflation
October 27, 2023  |  Economy

Inflation is strong. Consumer spending is strong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Summer Spending Surge Fuels 4.9% Jump in GDP
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023  |  Economy

Strong consumer spending this summer helped drive economic growth in the U.S. Get the Full Story Complete the form to unlock this article and enjoy...

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US Durable Goods Orders Climb as Consumer Confidence Falls
US Durable Goods Orders Climb as Consumer Confidence Falls
September 27, 2023  |  Economy

U.S. durable goods orders climbed unexpectedly in August, per new government data. Get the Full Story Complete the form to unlock this article and enjoy...

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Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
September 14, 2023  |  Economy

Consumers are in the aisles, spending on groceries, the clothes on their backs — and at brick-and-mortar locales, pivoting a bit from online channels. Get...

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