Due on MSN

Government shutdown is harming consumer spending power

The longest government shutdown in U.S. history has already hurt the economy, but economists may struggle to fully assess the ...
Inc

Recession Watch? Tanking Consumer Confidence Foreshadowed GDP Contraction in Q1

Neither business leaders nor consumers needed to hear Wednesday’s dismal news that the U.S. economy shrank 0.3 percent during the first quarter of 2025 to voice their concerns about the way things are ...
Soy Aire on MSN

The Two Americas: How the K-Shaped Economy Is Dividing Consumers in 2025

A growing divide is reshaping U.S. households, as the post-pandemic recovery benefits the wealthy while leaving millions ...
Marketplace

Consumer spending was — once again — key to GDP growth last quarter

Economic growth came in pretty strong for the fourth quarter of 2024. As we learned on Thursday, GDP rose at an annual rate of 2.3%. And consumer spending is a key contributor. It rose 4.2% for the ...
Marketplace

GDP shows spenders keep spending despite high interest rates

The latest gross domestic product report came in Thursday morning. It showed that last year ended with a moderating growth rate in the fourth quarter. But overall, GDP was strong in 2024, coming in at ...
MarketWatch

Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers.

The shocking strength of the economy helps explain the Federal Reserve’s Scrooge-like plans for interest-rate cuts next year. And the latest update on GDP over the summer offers another reminder. The ...
CBS News

GDP data shows U.S. economy shrank more than previously thought in early 2025

The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country's gross domestic product fell at an ...
Morningstar

'Thanks to the mighty consumer,' GDP shows more spring in U.S. economic growth

The broader U.S. economy still appears to be in pretty good shape thanks to American consumers The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the ...
Local 12 WKRC Cincinnati

Consumer confidence hits lowest level since 2021; what this means for the economy

CINCINNATI (WKRC) - Consumer confidence has plummeted to its lowest level since January 2021, raising concerns about the potential impact on the economy. While traditional metrics like GDP and ...
The Gazette

Sagging consumer confidence, drop in GDP hang over economy | Tatiana Bailey

The big news this past month is that GDP, or gross domestic product, contracted in the fourth quarter. Wednesday's release came in at minus 0.3% on an annualized basis, marking GDP's first decline in ...
MarketWatch

‘Thanks to the mighty consumer,’ GDP shows more spring in U.S. economic growth

The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the broader U.S. economy still appears to be in pretty good shape thanks to American consumers.