Ben Casselman
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U.S. income growth slowed in July, and consumer spending barely grew.
Personal income, after taxes, rose 0.2 percent, the Commerce Department said. A drop in gasoline prices offered relief.
Has the U.S. economy been shrinking? New data will shed light.
A Commerce Department report will revise figures on gross domestic product for the second quarter and provide an alternative indicator.
Federal Reserve Officials See Inflation Staying ‘Uncomfortably High’
Minutes from the Fed’s meeting in July showed officials remain committed to raising rates until inflation cools meaningfully.
How This Economic Moment Rewrites the Rules
Jobs aplenty. Sizzling demand. If the United States is headed into a recession, it is taking an unusual route, with many markers of a boom.
Gloomy about the economy and inflation, Americans remain upbeat about jobs.
In a survey, most say that it is a good time to find work and that the labor market favors employees. They see little change...
Job Openings Fell in June, Suggesting That the Labor Market Is Cooling
Employers appear to be responding to rising interest rates and a slowing economy by reducing open positions.
Job openings fell in June, suggesting that the labor market is cooling.
Employers appear to be responding to rising interest rates and a slowing economy by reducing open positions.
New data fans concern about a U.S. recession.
The Commerce Department’s economic scorecard for the second quarter showed a decline of 0.2 percent.
Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.
The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be the last word.
Income and Spending Rose Less than Prices in May.
Consumer spending, adjusted for inflation, fell for the first time this year.