Fresh data offered more detail on how shoppers retrenched at the end of 2022.
Tag: United States Economy
-
A Closely Watched Measure of Inflation Slowed in December
The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
-
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.
-
Biden Set to Hammer House Republicans on the Economy
The president has found a welcome foil in a new conservative House majority and its tax and spending plans, sharpening a potential re-election message.