Consumers increasingly seeking cheaper alternatives, bargains or avoiding items they deem too expensive
It's the lowest level in more than a year
The rate dropped to its lowest level since early February
If inflation continues to go down, a rate cut could be on the table in September: Powell
Layoffs dropped to 1.5 million, the lowest since November 2022
Elevated prices for food, groceries are main driver of consumers’ view of U.S. economy
Germany, the leading European economy, remained in the dumps in the April-June quarter
Rate cuts typically lower borrowing costs for mortgages, auto loans and credit cards
The country's GDP picked up between April and June: report
Continuing claims have been on the rise in recent months