U.S. Economy Expands at 3% Rate, Thanks to Resilient Consumers

This is an upward revision, reflecting stronger consumer spending on goods and services—particularly in healthcare, housing and utilities, and recreation.

By Augusta Saraiva | August 29, 2024 at 10:36 AM

Photo: People shop at Lincoln Market on June 12, 2023, in the Prospect Lefferts Gardens neighborhood in the Brooklyn borough of New York City. (Photo by Michael M. Santiago/Getty Images.)

The U.S. economy grew at a slightly stronger pace in the second quarter than initially reported, reflecting an upward revision to consumer spending that more than offset weaker activity in other categories.

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Core U.S. Inflation Picks up, Dampening Odds of Outsize Fed Cut

By Augusta Saraiva | September 11, 2024

In August, the core CPI increased 2.1% on a three-month annualized basis, picking up from 1.6% in July.

Core U.S. Inflation Picks up, Dampening Odds of Outsize Fed Cut

Why Companies Are Racing to the U.S. Debt Market

By Caleb Mutua & Jeannine Amodeo | September 09, 2024

Borrowing costs have become compelling, as markets are already pricing in expectations for reduced interest rates. And several external factors could reverse that trend.

Why Companies Are Racing to the U.S. Debt Market

Newest Jobs Data Fails to Resolve Debate over Fed Rate Cut

By Amara Omeokwe & Michael Mackenzie | September 06, 2024

"There's a strong argument for a half percent" interest rate cut when the Federal Reserve meets in mid-September. "It's going to be hotly debated."

Newest Jobs Data Fails to Resolve Debate over Fed Rate Cut

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