GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.
New survey data out today from The Conference Board shows that while consumer confidence ticked up this month, it still sits below the long-term baseline. One reason: higher prices.
New survey data from S&P Global shows U.S. manufacturing orders hit their highest level in four years, but the jump isn't driven by strong consumer demand.
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Retail spending rose by 1.7% from February to March. Experts said people are spending their tax refunds and increasingly turning to credit — even for groceries.
The New York Fed’s survey shows people expect inflation to hit 3.4% in a year. That’s up from an expectation of 3% in February, before the war in the Middle East started.
