Consumer sentiment rose this month to the highest level since January, suggesting that spending will strengthen this year.
A stronger economy, rising consumer confidence and cheap gasoline will likely have Americans traveling in big numbers this Independence Day.
Consumer spending recorded its largest increase in nearly six years in May on strong demand for automobiles and other big-ticket items.
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated.
Consumer prices recorded their largest increase in more than two years in May as gas prices surged, suggesting a trend in lower prices had run its course.
Economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year's rate.
Consumer borrowing surged again in April, helped by the largest gain in credit card borrowing in a year.
The IMF urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the U.S. economy remains subpar.
The U.S. trade deficit narrowed in April as exports of services hit a record high and imports fell.
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The auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade.
Consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings.
The economy contracted in the first quarter as it buckled under the weight of heavy snowfalls and a resurgent dollar, but activity has rebounded modestly.
Total student loan debt held by Americans stands at more than $1.3 trillion -- and it's having an enormous negative impact on our nation's economy.
A gauge of business investment spending plans increased solidly in April, a hopeful sign for manufacturing activity after a long spell of weakness.
Consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures.
The impact of California's drought could reach its way into nearly everyone's checkbook in the coming years, and might be felt in ways you never saw coming.
Retail sales were unchanged in April as households cut back on purchases of automobiles and other big-ticket items, suggesting the economy was struggling.
U.S. stocks finished sharply lower Tuesday after a surprisingly wide March U.S. trade deficit raised concerns that the economy shrank in the first quarter.
The trade deficit surged to its highest level in over 6 years in March as imports rebounded after being held down by a labor dispute at West Coast ports.
Manufacturing expansion held steady in April, but a jump in consumer sentiment and strong vehicle sales suggest the economy was regaining footing.
GM, Ford, Fiat Chrysler and Nissan all reported sales gains last month as Americans continued to choose small and midsize SUVs and pickup trucks over cars.
Consumer spending rose in March and the number of Americans filing new claims for weekly jobless benefits tumbled to a 15-year low last week.
Economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies slashed spending.
U.S. consumer confidence fell this month to the lowest level in four months, knocked down by a slowdown in hiring.
Durable goods orders increased by the largest amount in eight months in March, but a key category that tracks business investment plans dropped again.