Tag: economy

NEW YORK (AP) — Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells.…

Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve.Such a scenario became more…

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty.…

The Kansas economy is doing well, by many measures.  So, why do so many Kansans think otherwise?  To paraphrase James Carville—it’s housing costs, stupid. Just released from the Docking Institute of Public Affairs at Fort…

WASHINGTON (AP) — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices. The cost-of-living adjustment, or COLA,…

BOSTON (AP) — Like a lot of high school students, Kevin Tran loves superheroes, though perhaps for different reasons than his classmates. “They’re all insanely smart. In their regular jobs they’re engineers, they’re scientists,” said…

NEW YORK (AP) — Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other areas — in a sign that solid consumer spending is still powering a resilient…

WASHINGTON (AP) — Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly…

WASHINGTON (AP) — The job market has cooled over the summer. But it’s still strong enough to defy predictions that higher interest rates would tip the United States into recession. U.S. employers added 187,000 jobs…

U.S. economic growth unexpectedly picked up steam in the second quarter thanks to resilience among consumers and businesses in the face of high interest rates. Gross domestic product rose at a 2.4% annualized rate after…