by Sandra Sadek | Mar 8, 2025 | Featured, Trade
NEW YORK – President Donald Trump’s tit-for-tat economic policies have forced businesses to brace for an all-out trade war, and pushed the trade deficit to levels unseen before. The latest numbers from the Bureau of Economic Analysis show that the goods and services...
by zhenjia.zhang | Mar 8, 2025 | Featured, Housing
NEW YORK — U.S. home prices continued to rise in December, but the national numbers obscured big differences beneath the surface. Nationwide, home prices grew 3.9% in December from a year earlier, up from a 3.7% annual gain in the previous month, according to the...
by Olivya Veazey | Mar 3, 2025 | Featured, Personal Income
NEW YORK — Amid mounting fears about confidence in the economy, new data on household spending presents a grim reality: consumer spending dipped in January, suggesting that uncertainty is translating into tighter purse strings. Households decreased spending by 0.2...
by shenal.tissera | Feb 19, 2025 | Featured, Retail
Retail sales had their worst start of the year since 2014, falling more than the modest decline expected by economists. Sales were down 0.9% from December, according to data from the Commerce Department, which includes sales online, in stores and at restaurants. But...
by Quinn Waller | Feb 16, 2025 | Featured, Inflation
NEW YORK — Consumer prices rose faster than expected in January, due in part to quirks in the way the data is measured but also signaling that progress on reducing inflation has stalled. The Consumer Price Index, a key measure of inflation, rose 0.5% from December, up...
by Sandra Sadek | Feb 7, 2025 | Featured, Trade
NEW YORK — The U.S. trade deficit reached a historic high last year as importers and exporters braced for a possible trade war with its largest trading partners. The 2024 trade deficit ended the year at over $918 billion, reflecting a 17% increase from 2023,...
