Key Takeaways A nation's GDP is the total value of all of its consumer and government spending, investments, and exports, minus the value of its imports. Nominal GDP reflects the raw numbers in ...

The update to gross domestic product was a reversal of the 0.5% decline seen in the first quarter and an increase from the ...

Consumers splurged on goods in particular, but also on services, and moved the GDP needle. Real GDP grew 2.8% annualized in Q3 from Q2, well above the 15-yr pre-pandemic average of 2.0%.

Strong consumer spending continues to bolster GDP GDP grew at a healthy 2.8% pace. Current spending levels may provide a welcome “not too hot, not too cold” scenario for the Federal Reserve.

Consumer sentiment overall is down 32% year-over-year and consumer expectations for the economy are also down 32% just since January. That is the steepest three-month decline since the 1990 recession.

The U.S. economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. The news comes days before a presidential election in which the economy has been top of mind ...

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

The economy grew 3% on an annual basis, but largely because imports collapsed. This may be the weirdest GDP report ever. The top line growth number looks good, and the White House naturally touted it.

Two surveys reflecting dimming consumer and business outlook under Trump coincided with today's announcement that three years of GDP growth ended in the first quarter.

The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending as inflation continued to cool. Gross domestic product increased at a 2. ...

Consumers are still doing all the things — shopping, vacationing, going out to eat, despite high interest rates. One take: Maybe rates should have peaked higher to really slow down spending.