Retail Sales Seen Leveling Off as Record Holiday Season Ended

Retail Sales Seen Leveling Off as Record Holiday Season Ended

This post was originally published on this siteMany U.S. shoppers heeded warnings about shipping delays, pushing a large share of the period’s usual gains to earlier in the year.

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Consumer Prices Jumped at Fastest Pace Since 1982

Consumer Prices Jumped at Fastest Pace Since 1982

This post was originally published on this siteThe Consumer Price Index increased at the fastest pace in 40 years, a new report showed.

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White House announces steps to address increases in meat prices

White House announces steps to address increases in meat prices

This post was originally published on this siteThe White House on Monday announced plans aimed at addressing rising prices for meat and poultry, including setting aside $1 billion for smaller producers.The Biden administration unveiled its action plan to diversify and strengthen the meat-…

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Consumer Spending Expected to Have Slowed in November

Consumer Spending Expected to Have Slowed in November

This post was originally published on this siteEconomists surveyed by The Wall Street Journal estimate that U.S. consumer spending rose by 0.6% in November from a month earlier, after climbing 1.3% in October.

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Retail sales growth slowed in November

Retail sales growth slowed in November

This post was originally published on this siteRetail sales rose slower than economists had expected in November following three straight months of sharp increases, according to data released Wednesday by the Census Bureau.U.S. retailers and restaurants made $639.8 billion in sales last month,…

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Holiday Spending Looks Strong Despite Price Rises

Holiday Spending Looks Strong Despite Price Rises

This post was originally published on this siteThe holiday shopping season is likely off to a strong start, with consumers showing robust demand for gifts, dinners out and other products even amid the highest inflation in decades.

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Democrats race to get ahead of inflation

Democrats race to get ahead of inflation

This post was originally published on this siteDemocrats are racing to get ahead of high inflation as rising prices dampen an otherwise strong recovery.The U.S. economy has steamed ahead of every other nation hit hard by the COVID-19 pandemic, powering through new variants and other pandemic-…

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Biden: ‘We’re heading into a holiday season in very strong shape’

Biden: ‘We’re heading into a holiday season in very strong shape’

This post was originally published on this sitePresident Biden on Wednesday said that the U.S. economy is heading into the holiday season in strong shape, touting his administration’s work to address the supply chain crisis.“We’re heading into a holiday season in very strong shape. It’s not…

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Credit-Card Applications Hit Pandemic High

Credit-Card Applications Hit Pandemic High

This post was originally published on this siteClose to 27% of U.S. consumers said in October that they had applied for a credit card in the past 12 months, the highest level since 2019.

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