Bryan Mena
- Indexed articles, last 90 days
- 8
- Latest publication
- Aug 14, 2026
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- Jul 7, 2026
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US consumers cut retail spending sharply in July (opens the original)
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Washington (CNN) â The US economy is showing some cracks beneath the surface. Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from Juneâs 0.2% and well below the 0.1% gain that economists projected in a poll by data firm FactSet. It was the steepest drop since May 2025. The figures are adjusted for seasonal swings but not inflation. Consumer spending is the lifeblood of the US economy, accounting for about two-thirds of economic growth. Fridayâ
Frustrated US consumers cut their retail spending last month (opens the original)
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Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June's 0.2% and marking the steepest drop since May 2025. Those figures are adjusted for seasonal swings but not inflation. A separate report from the University of Michigan showed that consumer sentiment declined about 8% early this month to a preliminary reading of 51, ending a two-month
White House renews its attempt to remove Fed Governor Lisa Cook (opens the original)
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Washington (CNN) â The White House is renewing its effort to remove Lisa Cook from the Federal Reserveâs Board of Governors, according to a letter addressed to her attorney obtained by CNN. The letter, dated August 5, said there is âsufficient reason to believe that you have made false statements on one or more mortgage agreements,â and asked her to submit a written response to the allegations within 21 days. The Trump administration first raised the accusations last year, which prompted
Fed officials warn not raising interest rates was a mistake (opens the original)
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Washington (CNN) â Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in Iran has destabilized the global energy market, pushing up gas prices in America. The Fed has no control over that, but that isnât the only source of inflation pressures, the officials said. The Fed on Wednesday held interest rates steady for the fifth meeti
Fed holds interest rates steady for fifth-straight meeting, but inflation still clouds outlook (opens the original)
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The Federal Reserve on Wednesday held interest rates steady as policymakers continued to navigate an increasingly uncertain inflation picture. The central bank left its benchmark lending rate unchanged at a range of 3.5%-3.75% for the fifth consecutive meeting â but the decision was not unanimous, with Fed presidents Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas dissenting in favor of a quarter-point rate hike instead. That marks the most dissents for rates
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