U.S. consumer spending, inflation rise moderately in May
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Consumer sentiment slightly beats expectations in June
Consumer sentiment rose to 98.2 in June, coming in slightly above the forecast of 98.0.
Moderate U.S. consumer spending, inflation support rate cut
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Debt and deficits won’t be as bad as feared but are still dangerous, CBO says
Both the nation’s debt and deficit will grow more slowly than previously forecast, according to new government data, the result of lower interest rates and reduced disaster spending.
US core capital goods orders rebound; shipments increase
New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly, suggesting some stabilizing in business spending on equipment after it fell early in the year.
U.S. economy accelerated in first quarter, but momentum fading
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current quarter.
Fed indicates it will cut rates — but not until 2020
The Federal Reserve on Wednesday said it does not expect any rate cuts this year, but did forecast one for 2020.
Fed likely to resist pressure to cut U.S. rates this week
The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.
Solid U.S. retail sales offer economy some respite
U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.
U.S. consumer prices barely rise; underlying inflation muted
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.