Inventories were a big drag on the G.D.P. number. Construction of homes and nonresidential structures declined. And federal spending fell.
Tag: United States Economy
-
Consumer spending continues to shift from goods to services.
Americans spent only a little more in the second quarter overall, as a decrease in purchases of stuff was offset by experiences.
-
Here Are the Highlights From Today’s G.D.P. Report
Inventories were a big drag on the G.D.P. number. Construction of homes and nonresidential structures declined. And federal spending fell.
-
How Expecting Inflation Can Actually Create More Inflation
By raising interest rates, the Federal Reserve hopes to prevent consumers from believing higher prices will last forever.
-
Tell us how the economy is affecting you.
Sharing your experience will help inform our coverage of inflation, jobs, interest rates and more.