November trade deficit hits near record-high $80.2 billion
The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply.
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Consumer prices up 5.7% over past year, fastest in 39 years
WASHINGTON (AP) — U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season...
U.S. consumer inflation up 6.8% in past year, most since 1982
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation...
Americans are spending but inflation casts pall over economy
Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall.
U.S. wholesale prices rose record 8.6% over 12 months
Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.
Another jump in prices tightens the squeeze on U.S. consumers
American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.
Big jump in April wholesale prices more evidence inflation pressures are mounting
Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflation pressures are starting to mount with the country...
U.S. economy accelerated at a robust 6.4% rate last quarter
Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could...
U.S. consumers rebound to boost spending 2.4% as income jumps
Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy...
Claims for unemployment benefits fall to 787,000, down 19,000 nationwide
The number of Americans seeking unemployment benefits fell by 19,000 but remain elevated at 787,000 as a resurgent coronavirus grips the U.S. economy.