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.…
UK economy slipped into technical recession at the end of 2023
LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed…
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…
