For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer ...
Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ...
Federal Reserve Chairman Jerome Powell described the current economic situation as challenging, with risks to both employment and inflation. The Fed is balancing a slowing labor market, which ...