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
Tag: Consumer spending
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Read More Target raises 2024 profit forecast as price cuts draw shoppers
Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%
The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.
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Wall St marches ahead as retail sales quell slowdown worries
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
Read More The Fed has cut rates amid stock swoons before. Not this time
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending cools