Retail sales tumbled 0.8% in January, much more than expected
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.…
Interest on national debt could threaten U.S. economic stability, CBO director tells House panel
The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and the cost…
Deflation: Here’s where prices fell in January 2024, in one chart
Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers…
Brexit Britain has ‘significantly underperformed’ other advanced economies, Goldman Sachs says
LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from…
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront…
Here’s the inflation breakdown for January 2024 — in one chart
Inflation declined in January and consumers’ buying power rose as price pressures for U.S. goods and services continued to ease.…
Prices rose more than expected in January as inflation won’t go away
Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.…
China and Russia no longer perceived as top security threats, research finds
China and Russia are considered less of a threat to Western populations now than a year ago, as public concern…
China’s biggest problem is a ‘lack of confidence,’ Standard Chartered CEO says
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows…
Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says
DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant…
