The U.S. economy grew at a better-than-expected 2.5% rate in the third quarter, the U.S. Commerce Department announced Tuesday, in its second estimate for the quarter. Higher exports, investment, and increased consumer spending quickened the pace of co…
Consumer outlays increased at the best pace in about four years — providing some hope that the expansion can continue. The rise from the second-quarter rate of 1.7% was in line with economists’ expectations. Soaring imports w…
The federal deficit will amount to the equivalent of approximately 10% of U.S. gross domestic product for the fiscal year, which ended Sept. 30, according to a Treasury official. That’s about the same percentage as the previous…
The final numbers on U.S. GDP growth for the second quarter are in, and they’re a bit better than the previous revision’s reading. GDP inched 1.7% higher in the second quarter, up from the earlier 1.6% estimate.
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Credit card use plunged for the sixth straight month in July, with total consumer debt falling by $3.6 billion, or 1.75%, the U.S. Federal Reserve announced Wednesday.
Continue reading U.S. Credit Card Use Fell…