economy

Economy on erratic course

WASHINGTON — U.S. economic growth has slowed, but it still isn’t clear if the nation is in a recession, National Retail Federation chief economist Jack Kleinhenz said earlier this month. “As we come to the end of the summer, economic indicators are signaling an unsteady U.S. expansion in the face of several headwinds,” Kleinhenz explained,

Consumer prices accelerated in March

Consumer prices accelerated in March

WASHINGTON — Consumer prices shot higher in March, driven by a strong economic recovery from pandemic-related restrictions, the Labor Department reported today. The consumer price index – which includes the often volatile categories of energy and food —  rose 0.6% from the previous month but 2.6% from the comparable period a year ago. It was

Retail sales surge 1.9% in September

Retail sales surge 1.9% in September

WASHINGTON – Consumer spending in September accelerated at a faster pace than expected, with a strong rebound in apparel leading “a continuing V-shaped recovery” from the coronavirus pandemic, according to the National Retail Federation. The 1.9% increase in retail sales was more than twice the gain economists were expecting and represents the fourth consecutive monthly