The worst U.S. drought in at least 50 years may restrain consumer confidence and spending as it pushes Americans’ grocery bills higher later this year.
A welcome relief from rising health- care costs for U.S. consumers is being less warmly received at the Federal Reserve.
Wholesale prices in the U.S. unexpectedly fell in May, suggesting demand isn’t robust enough to push inflation closer to the Federal Reserve’s target.
One closely-watched measure of consumer confidence unexpectedly fell in June to a three-month low, highlighting a split in attitudes that is holding back the U.S. economy.
Consumer spending in the U.S. is rising even though hourly pay isn’t. The reason: More Americans are finding jobs and putting in longer hours in the office and on the factory floor.
U.S. Treasury Secretary Jacob J. Lew is trying to persuade Congress to raise the $16.7 trillion debt ceiling without the drama that contributed to a stock market rout in 2011. A stronger economy this time around may help keep investors calm.
Household wealth in the U.S. climbed in the first quarter, helped by labor market improvement and gains in the stock and residential real estate markets that are giving balance sheets a lift.
The cost of living in the U.S. was little changed in July for a second month, showing companies lack pricing power.
Consumer confidence climbed last week to a four-month high as an improving job market and holiday discounts put Americans in the mood to shop.
"Fundamentally, things are still on pretty good footing."
- Omair Sharif on Jul 22, 2014