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U.S. consumer spending rose a moderate 1.9% in July

July gain marked third monthly increase in consumer spending

U.S. economy dropped 31.7% in Q2

Economists say a full recovery remains far off

Business chart with rising arrow and falling arrow

PMI data shows U.S. business expansion, while Europe’s rebound is slowing

The European economy may take longer to heal

U.S. home sales surged 24.7% in July

There have been consecutive months of record-breaking gains and sales are up from a year ago

Hands counts money on American flag background

U.S. retail sales rose 1.2% in July

However, growing evidence suggests that sales could be slowing

U.S. employers post more jobs in June, pull back on hiring

Hiring slowed sharply in manufacturing, construction and health care services

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

U.S. economy shrank at record-breaking 33% rate last quarter

The decline in GDP in Q2 marked the sharpest such drop on record

Federal Reserve extends lending programs through year-end

The announcement comes as the U.S. struggles to control the coronavirus

U.S. Fed to expand lending beyond mid-sized businesses

Groups like hospitals and educational institutions will be included

Jump in U.S. housing starts, but hurdles remain

New projects are still at risk due to pandemic hotspots