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2 hours ago · 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.
2 hours ago · The latest GDP report also showed that corporate profits, before taxes, fell 0.6% in the first quarter, the first decline in a year and down sharply from the 4.1% increase in the prior three-month ...
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What's going on with consumer spending in 2021?
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1 day ago · WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate.
2 hours ago · 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. Spending on goods such as appliances and furniture fell at a 1.9% annual pace, the biggest such quarterly drop since 2021.
4 hours ago · The U.S. economy grew slower to start the year than initially thought, due largely to softer consumer spending. Gross-domestic product expanded at a 1.3% annualized pace in the first three months ...
12 hours ago · Overall, GDP growth in the first quarter was supported by consumer spending, business investment and government spending. Agencies US dollar The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said Thursday in a downgrade from its previous estimate.
1 day ago · Economists polled by Reuters had forecast 218,000 claims. The so-called continuing claims tracking those who collect benefits beyond the first week rose 4,000 to a seasonally adjusted 1.791 ...
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