Economic-Indicators

U.S. Economy Grows at 1.2% Pace in 2Q

The U.S. economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to underlying strength.

Consumers Seen Powering 2Q GDP

The U.S. economy likely regained speed in the second quarter as robust consumer spending offset a sharp moderation in inventory investment and weak exports.

5 Things to Watch at the Fed Meeting

Federal Reserve officials are virtually certain to leave short-term interest rates unchanged at their meeting this week, following the U.K.'s decision in June to quit the European Union and mixed messages from the U.S. labor market.

June New Home Sales Jump 3.5%

New U.S. single-family home sales rose more than expected in June, reaching their highest level in nearly 8-1/2 years, the latest sign that the housing market was gathering momentum.