economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Department Stores, Electronics Lead 0.6 Pct Rebound In June Retail Sales

Department Stores, Electronics Lead 0.6 Pct Rebound In June Retail Sales
Department Stores, Electronics Lead 0.6 Pct Rebound In June Retail Sales
July 16, 2021  |  Retail

U.S. consumers spent more in department stores and less on furniture and cars in June, the Commerce Department reported Friday (July 16), as the barometer that...

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The Child Tax Credit Is Rolling Out: How It Will Be Spent, What’s Next
The Child Tax Credit Is Rolling Out: How It Will Be Spent, What’s Next
July 15, 2021  |  Economy

Retailers and restaurants may be in for another consumer spending windfall as 39 million American families will find their bank accounts flush with a couple of hundred...

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China’s Economy Shows Mixed Second-Quarter Momentum
China’s Economy Shows Mixed Second-Quarter Momentum
July 15, 2021  |  Cross-border Payments

Amid rising commodity prices and supply chain disruptions, the economy in China saw a slowdown from April through June from its accelerated pace between January...

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Jobless Claims Hit New Post-Pandemic Low
Jobless Claims Hit New Post-Pandemic Low
July 15, 2021  |  Economy

New jobless claims in the week ending July 10 dropped to 360,000, down 26,000 from the previous week’s revised level, according to the July 15 report from...

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Costs Of Inflation, And Then Some, Pass Onto The Consumer
Costs Of Inflation, And Then Some, Pass Onto The Consumer
July 13, 2021  |  Economy

In most economies, especially those going through a rebound, inflation (at some point) is a fact of life. Merchants, faced with the rising costs of...

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Bullard: Fed Should Scale Back On Central Bank Bond Buying
Bullard: Fed Should Scale Back On Central Bank Bond Buying
July 13, 2021  |  Economy

It’s time for the Federal Reserve to ease up on bond-buying by the central bank, in part because keeping it up could cause problems in...

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Consumer Price Index Hits Highest Level In 13 Years
Consumer Price Index Hits Highest Level In 13 Years
July 13, 2021  |  Economy

The consumer price index (CPI) is up 0.9 percent in June and 5.4 percent over the last 12 months, marking the highest increases since August...

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Survey: Consumers Expect Inflation, Income And Spending To Rise
Survey: Consumers Expect Inflation, Income And Spending To Rise
July 12, 2021  |  Economy

Consumers expect inflation, income and spending to rise, according to the June 2021 Survey of Consumer Expectations, a monthly gauge of economic health by the...

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