Although investors cheered the Federal Reserve’s recent rate cut and the stock market has kept powering along, the economy is facing growing headwinds on one crucial front — consumer spending.

August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

We have some mixed signals on the Canadian economy this morning. Gross domestic product shrank by 0.3 per cent in August, coming in lower than the flat growth that was expected. Manufacturing was a ...

Federal Reserve Chair Jerome Powell spoke to reporters after the central bank decided to leave rates unchanged. Photo: Mandel Ngan/AFP/Getty Images The U.S. economy is growing again, helped by trade ...

President Donald Trump’s sweeping tax and spending law, which he dubbed "one big, beautiful bill," will likely have a small impact on the U.S. economy, forecasters say, defying Trump’s claims that it ...

WASHINGTON, June 10, 2025—Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, ...

Gross domestic product rebounded in the spring after contracting at the start of the year, but consumer spending remained weak. By Ben Casselman Economic growth softened in the first half of the year, ...

US consumers continued to spend in June, powering the economy in the process, despite tariff-related price hikes becoming more present on store shelves and online. Consumer spending rose 0.3% from May ...

China's September 2025 economic data delivered mixed signals for its economy. Industrial Production provided a strong beat, accelerating sharply to 6.5% year-on-year (surpassing the 5.0% forecast and ...

The wealthiest Americans have been doing even better than previously thought and are driving a consumer spending surge that has been fueling the U.S. economy as they splurge on travel, hotels and ...

Russian exports of crude oil have hit a two year low, as the economic crisis in the country continues to intensify. Oil and gas exports are a major source of income for the Kremlin, providing the ...