Retail sales dip 0.4% in February after January buying burst
America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. ...
Tag: inflation
Inflation rose 6% in February as Fed mulls more rate hikes
Inflation rose in February as sudden turmoil in the US banking sector sparked uncertainty about the Federal Reserve’s next move ...
Larry Summers compares US economy to Looney Tunes cartoon
The US economy could face a “Wile E. Coyote moment” as the Federal Reserve struggles to bring down persistent inflation, ...
Kohl’s swings to surprise Q4 loss, warns on profit for year
Kohl’s plans to cut inventory by roughly 5% this year, be more surgical with discounts and change how it showcases ...
Dow drops as hot inflation data fuels rate-hike worries
Wall Street’s main indexes fell more than 1% on Friday as a surge in consumer spending and inflation in January ...
Fed’s key gauge of US inflation surges at fastest rate since June
The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price ...
Egg prices will fall nearly 30% this year, USDA says
Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States does not ...
Domino’s shares tank as inflation slices Q4 pizza sales
Domino’s Pizza missed quarterly sales estimates on Thursday as inflation-hit customers, put off by higher delivery fees, cut back on online orders ...
GDP for fourth quarter revised down to 2.7%
The US economy expanded at a smaller-than-expected 2.7% annual rate from October through December, the Commerce Department said Thursday in ...
Goldman extends forecast for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting ...
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