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S&P Global's preliminary reading on activity across the US economy in April reached an 11-month high, while the survey's reading on activity in the services sector hit a 12-month high. The report ...
Economic output scaled back in April as ... investors will be closely watching the release. Consensus expects the US economy grew at a 2.5% annualized rate in the first quarter, per Bloomberg data ...
The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
WASHINGTON (AP) — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday.
The Conference Board’s Consumer Confidence Index for this month climbed to a reading of 102, up from 97.5 in April. Americans of all age groups felt better about the economy, the survey noted.
That was largely due to a downward revision to consumer spending, which accounts for about 70% of the US economy. Spending advanced 2% in the January-through-March period, compared to the initial ...
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.7% annual pace last quarter, up from 2.8% in the April-June period.
The latest jobs report released Friday revealed that the US economy added an eye-popping 272,000 jobs in May. The combination of persistent inflation and strong job growth has led Wall Street to ...
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