Economic growth came in pretty strong for the fourth quarter of 2024. As we learned on Thursday, GDP rose at an annual rate of 2.3%. And consumer spending is a key contributor. It rose 4.2% for the ...

If gross domestic product is the measure of how well the economy is doing, then the economy is doing pretty well. The report out Wednesday shows GDP was up 2.8% in the third quarter, marking about two ...

Chris Rupkey, chief economist at fwdbonds, said, “Consumer spending has rebounded somewhat in the third quarter, but that ...

Neither business leaders nor consumers needed to hear Wednesday’s dismal news that the U.S. economy shrank 0.3 percent during the first quarter of 2025 to voice their concerns about the way things are ...

Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...

Consumers splurged on goods in particular, but also on services, and they accounted for 69% of GDP and moved the GDP needle. The trade deficit worsened further, driven by rampant consumer spending and ...

The shocking strength of the economy helps explain the Federal Reserve’s Scrooge-like plans for interest-rate cuts next year. And the latest update on GDP over the summer offers another reminder. The ...

Investors may soon face a slowdown in consumer demand that could hurt corporate earnings, as the labor market weakens, wage growth stalls out and inflation stays sticky. Why it matters: Investors have ...

Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started ...