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Americans still have a pile of pandemic savings, and that could make it significantly more difficult for the Federal Reserve to suppress soaring inflation, Wells Fargo has said. | Business Insider Africa
Amazon and Apple said sales should slow this quarter even as government data Friday showed consumers continuing to spend through inflation. Here's why
Amazon and Apple said sales should slow this quarter even as government data Friday showed consumers continuing to spend through inflation. Here's why
Economic growth in the United States rebounded over the summer, the latest government data shows, but slowing consumer spending and a rapidly weakening housing market mean the report likely will offer little to ease fears of a looming recession.
Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.