While consumers cut back on goods spending, spending on services jumped.
The mood worsened for the third straight month, but many Americans have financial cushions.
Retail sales rose in June, yet inflation is still a factor in how and where people are willing to spend.
The FDA hasn't approved ingredients that could make products more pleasing to use — and used more often, says Amanda Mull of The Atlantic.
Even if growth in services sector spending slows this summer, economists don’t see it stopping any time soon.
The 0.4% drop signals that the Federal Reserve's interest rate hikes are cooling the economy, but there's a greater risk of recession.
With rising prices, ongoing supply chain issues and the wrong inventory, it's a rough time to be a big-box store.
That's good news for inflation, but it might be bad news when it comes to the risk of a recession.
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.
People want to get outside and do stuff, not just buy stuff. That's reflected in surging travel bookings — and airfare.