The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.
Retail sales dipped 0.4% in February after a surprise start-of-the-year surge that appeared at odds with the Federal Reserve's goal of cooling down the economy.
Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.
Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)
Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.
Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.