Retail Sales Jump in January, Defying Inflation and Rate Hikes
WASHINGTON — America’s consumers rebounded in January from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years.
Economy Still Shows Signs of Slow, Steady Growth
Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two prominent freight transportation economists say the threat of a recession will persist this year.
Business Activity Shrinks Again in Moderate Contraction
U.S. business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures.
Consumer Inflation Eased Again to 6.5% in December
WASHINGTON — Rising U.S. consumer prices moderated again in December, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.
GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate
Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.
Inflation Slowed Sharply to 7.1% Over Past 12 Months
Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.
Global Trade Surges to $32 Trillion Record in 2022, U.N. Says
The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a U.N. report that signaled a slowdown heading into 2023.
Signs of a Slowdown as M&A Activity Nears End of Busy 2022
The trucking industry continued to experience strong acquisition activity this year, but there may be some signs of softening heading into next year.
C.H. Robinson Cuts 650 Jobs Amid Changing Market
C.H. Robinson is reducing headcount amid the elimination of 650 positions as part of an effort to align its overall cost structure with market conditions, the company confirmed Nov. 10.
Inflation Slowed More Than Forecast in October
U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest rate hikes.