The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs ...

US economic growth, corporate profits revised higher in 2023. By Lucia Mutikani. September 26, 2024 12:34 PM UTC Updated September 26, 2024 A woman shops for groceries at El Progreso ...

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

US Economic Growth for Last Quarter Is Revised up to a Solid 3% Annual Rate WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending ...

US Economic Growth for Last Quarter Is Revised up Slightly to a 1.4% Annual Rate WASHINGTON (AP) — The American economy expanded at a 1.4% annual pace from January through March, the slowest ...

By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.

U.S. economic growth was revised slightly higher in the final months of 2021, helping the nation record its best year for growth in nearly four decades before the omicron variant dampened consumer ...

Gross domestic product decreased at a downwardly revised 0.5% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis (BEA) said in its third estimate of GDP on Thursday.

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending. A 2024 Ford F-150 truck is assembled at the Dearborn Truck Plant, Thursday, April 11, 2024, in ...

US economic growth for last quarter is revised up slightly to a 1.4% annual rate ... The US economy, the world’s biggest, has proved surprisingly resilient in the face of higher interest rates.

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending. The U.S. economy grew at a sluggish 1.3% annual pace from January through March, ...