Consumers spending falls at the end of 2022 and that’s
Consumer spending fell 0.2% at the end of 2022, indicating the U.S. economy entered the new year with fading growth prospects and rising odds of recession. Source
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Inflation rate slows again to 15-month low, PCE shows, as
The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation is cooling off Source
U.S. stocks open mostly lower as investors digest PCE inflation
U.S. stocks opened mostly lower Friday as investors digested data from the Federal Reserve's preferred gauge showing signs of inflation slowing while… Source
U.S. pending home sales rise 2.5% in December. Realtors say
U.S. pending-home sales rose 2.5% in December, breaking a six-month losing streak, the National Association of Realtors said on Wednesday. Source
Biden taps Zients as White House chief of staff
President Joe Biden announced Jeff Zients on Friday as his next White House chief of staff, tapping an experienced technocrat who headed his administration's… Source
U.S. consumer sentiment strengthens in final January reading
U.S. consumer sentiment improved in late January to 64.9 from the earlier reading of 64.6, according to the University of Michigan's gauge of consumer… Source
FDA panel backs plan for annual COVID-19 booster, as new
An FDA panel endorsed the agency's plan for a once-a-year COVID-19 booster. And CDC data shows that XBB.1.5 continues to lead other variants in the U.S. Source
S&P 500 nears first ‘golden cross’ in 2½ years, but
The S&P 500 is on the verge of achieving its first “golden cross” in two-and-a-half years. But that doesn't mean stocks are destined for more gains over the… Source