WASHINGTON (Reuters) - U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the world's largest economy could pose new risks to a hoped-for soft landing around the world. As global financial leaders gather in Washington this week for...

07:49 AM EDT, 04/15/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday, except for a small improvement versus the yen, before the release of retail sales data for March and Empire State manufacturing conditions data for April, both at 8:30 am ET. The National Association of Home Builders sentiment index for April and business...

The pace of retail sales growth increased more than expected last month, indicating that consumers are exhibiting increased resilience despite recent inflationary pressures. Retail and food services sales for March increased by 4% compared to the previous year, much higher than the previous upwardly revised growth rate of 2.1%, according to the U.S. Census Bureau’s advance estimates released Monday. March...

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground. Retail sales rose 0.7% last month, the Commerce Department's Census Bureau said on Monday. Data for February was revised higher to show sales rebounding 0.9% instead 0.6% as...