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GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
In other news, jobless claims came in at 242,000 for last week, the Labor Department reported on Thursday. That number marks the highest level since early October, and comes in above forecasts of ...
Following the two-day Federal Open Markets Committee meeting Powell said the Fed has decided to keep their current rate range of 5.25-5.50 percent and signaled that it believes long-run rates will ...
The year-end rally wavered for a second day this week, with major US indexes slipping through Tuesday's session. The Dow Jones Industrial Average lost over 150 points, and the S&P 500 and the ...
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 ...
Stocks surged in the morning after the economy’s powerful show of resilience, but later lost steam and closed the day mixed. The Dow rose 81 points, or 0.2%, after jumping more than 500 points ...
The US economy appears on track for another solid quarter of growth, new data showed Monday, while also pointing to potential "headwinds" in the manufacturing sector and with price pressures.
The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...