Fed: High Energy Costs Curbed Spending
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The U.S. economy kept growing in September and early October, even as higher prices for energy put a crimp in consumer and business spending, the Federal Reserve said Wednesday.
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High oil prices are slowing the economy, two members of the Federal Reserve warned yesterday. `There&#39;s going to be a little bit of a slowdown effect,&#39;&#39; admitted Fed board member Ben Bernanke.
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The US economy grew in September and early October despite being restrained by rising energy costs and increased uncertainty over the presidential campaign, the Federal Reserve said Wednesday.
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Cheaper energy helped reduce overall U.S. producer prices in June, according to a Labor Department report on Tuesday, but a closely watched measure of core inflation kept rising at a pace likely to keep concerns about inflation on policy-makers' minds.
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In shift of tone, White House says high energy prices are now dragging on US economy. CRAWFORD, Texas  - President Bush&#39;s economic advisers are warning that high energy prices have become a drag on
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Falling oil prices hurt energy stocks and a Fed officialâs comments on interest rates also soured the marketâs early good mood.
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WASHINGTON -- Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas.
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Consumers are a bit more inclined to cut back on holiday spending than in recent years, concerned about energy costs and credit card debt.
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With U.S. consumers facing higher  heating costs this winter, a new government Web site gives  homeowners specific, customized recommendations on how to cut  their energy use and save on utility bills.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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CRAWFORD, Texas  - President Bush's economic  advisers warned on) Sunday that high energy prices have become  a drag on the U.S. economy and not a threat to growth, chipping  away at Bush's upbeat election-year projections and increasing  pressure on him to act.
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President Bush&#39;s economic advisers warned on) Sunday that high energy prices have become a drag on the US economy and not a threat to growth, chipping
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High oil prices will probably brake U.S. growth but will not derail the economy provided there is not another sharp spike upwards, a top Federal Reserve policymaker said on Tuesday.
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WASHINGTON : The US economy is expanding but the performance is patchy as roaring energy prices begin to stifle spending, the Federal Reserve&#39;s Beige Book survey showed.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, giving the Federal Reserve good news as it weighs an interest rate cut.
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Consumers continued to curtail their spending last month as rising gasoline prices dampened purchases of other goods, a fresh indication of a cooling economy.
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Inflation accelerated in January as the rising cost of energy, food and transportation led price increases across a broad array of goods and services, complicating the efforts of federal policymakers trying to battle a slowing economy.