By Austen Hufford and Sarah Nassauer Americans stepped up their spending in May, including at car dealerships and hardware stores, showing consumers were resilient as they faced high interest rates and rising prices. Retail sales increased 0.3%.
By Austen Hufford and Anthony DeBarros Americans imported more goods and services from abroad in April, another sign businesses and consumers remain resilient despite rising interest rates, while exports decreased. Businesses brought in more ca. | 09:22am
By Austen Hufford Worker filings for unemployment benefits rose last week to near the highest level of the year, a sign the still-strong labor market is starting to cool off. Initial jobless claims, a proxy for layoffs, increased by 13,000 to a. | 08:59am
By Austen Hufford U.S. economic growth slowed to a 1.1% annual rate in the first quarter as resilient consumers faced high inflation and rising interest rates. (END) Dow Jones Newswires 04-27-23 0849ET. | 08:50am