Spending is also being supported by a strong job market and the impact of income tax cuts ... economist at CE. Retail sales data are only a good guide to private goods consumption, and the ABS's ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

That would be the highest monthly pace since January 2023. The figure points to momentum in consumption as rate cuts and slowing price gains buoyed spending. Prime Minister Justin Trudeau ’s federal ...

The city of 25 million people disclosed on Thursday that retail sales had fallen 3.1 per cent in 2024 – only the second time the consumption measure has declined in more than 40 years.

House leaders on Friday unveiled a sweeping tax cut proposal that would eventually abolish the state income tax, slash taxes on groceries, increase local sales ... to a more consumption-based ...

Investing.com-- Australian retail sales shrank less than expected in December, as strength in the labor market and year-end holiday shopping kept consumer spending relatively strong. Retail sales ...

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Passenger vehicles saw moderate growth during the festival season, while two-wheeler segment sales ... while rural consumption is witnessing a gradual recovery.” While the retail sector ...

with investors digesting more economic data as well as earnings from the retail sector. At 11:45 ET (16:45 GMT), the DAX... US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% ...

The tax relief offered isn’t just aimed at pleasing the middle-class. The underlying idea is to lift consumption. With a brighter outlook on retail sales trends, perhaps businesses would be ...