Aditya Bhave
Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
appliance stores
Strong discretionary spending lifts US retail sales in September
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
2027 models
U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
The U.S. Commerce Department has proposed to ban Chinese and Russian-made hardware and software in internet-connected vehicles in the United States due to “national security concerns.”
bars
US consumer spending solid in July; inflation rises moderately
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
2% target
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
2% target
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
30-year fixed mortgage
US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
appliance outlets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
alcohol
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell, confirming that inventory investment was a drag on economic growth in the first quarter.
2024
Exclusive: US eyes curbs on China’s access to AI software behind apps like ChatGPT
The Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models.