The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending.
Read More US third-quarter economic growth unrevised at 2.8%
Tag: Commerce Department
Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
Read More Motor vehicles, electronic goods lift US retail sales in October
Strong discretionary spending lifts US retail sales in September
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
Read More Strong discretionary spending lifts US retail sales in September
US consumer spending, inflation rise moderately in August
Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
Read More US consumer spending, inflation rise moderately in August
U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
The U.S. Commerce Department has proposed to ban Chinese and Russian-made hardware and software in internet-connected vehicles in the United States due to “national security concerns.”
Read More U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
US consumer spending solid in July; inflation rises moderately
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
Read More US consumer spending solid in July; inflation rises moderately