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News
Surprise Drop In U.S. Retail Sales In July
3+ hour, 12+ min ago (248+ words) Retail sales in the United States fell unexpectedly by 0.6% in July, marking the largest monthly decline since May 2025, according to the Commerce Department. This drop surprised economists, who had predicted a slight increase of 0.1%. The decline was the first in…...
Consumer Sentiment Falls For First Time In 3 Months
6+ hour, 21+ min ago (213+ words) Consumer sentiment in the United States has dropped for the first time in three months, according to the University of Michigan's preliminary index for August. The index fell to 51, down from July's final reading of 55.2. This decline comes as consumers…...
Latest Consumer Price Index Offers A Look At Inflation
2+ day, 8+ hour ago (229+ words) Inflation in the United States saw a slight increase from June to July, according to the latest Consumer Price Index (CPI) report released by the Bureau of Labor Statistics. The CPI, a key measure of inflation, rose by 0.1% during this…...
Economy Slows Amid Iran Conflict Impact
2+ week, 1+ day ago (262+ words) A recent report reveals that the U.S. economy has slowed more than anticipated, primarily due to the ongoing conflict in Iran. The latest GDP figures indicate that the economy grew at an annual rate of 1.5% during the three-month period ending in…...
PPI Up 1.1% In May
2+ mon, 3+ day ago (199+ words) WGY The Producer Price Index (PPI), a key measure of the cost to produce goods, rose by 1.1% in May, according to the Bureau of Labor Statistics. This increase matches the rise seen in April and surpasses market expectations of a…...
Warsh Sworn In As Fed Chair
2+ mon, 3+ week ago (63+ words) WGY Kevin Warsh was officially sworn in as the Federal Reserve Chairman during a ceremony at the White House on Friday (May 22). Warsh's confirmation by the Senate occurred after a nearly party-line vote, marking the end of a process that…...
Retail Sales Rise, Majority Spent At Gas Pump Amid High Prices
3+ mon, 3+ week ago (108+ words) WGY The rate of retail spending increased from February to March, but the majority was spent at the gas pump. Business at gas stations increased by 15.5%, while sales at department stores rose 4.2%, furniture stores by 2.2% and online retailers by 1%. Iran…...
Annual Inflation Slowed In January, Falling To Lowest Level In 9 Months
6+ mon, 1+ day ago (221+ words) Inflation in the United States cooled more than expected in January, dropping to its lowest level in nine months as price pressures eased across several consumer staples, according to data released Friday by the Bureau of Labor Statistics. The Consumer…...