Commerce Department – Page 5

Inflation Remains Steady, With Signs of Further Cooling

The Federal Reserve has been waiting for firmer evidence that rapid price increases are behind it.

By Lydia DePillis

Commerce Department Consumer Behavior Gross Domestic Product Income Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) United States Economy

GDP Gain in First Quarter Revised Downward in U.S.

Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.

By Ben Casselman

Biden, Joseph R Jr Bloomington (Minn) Commerce Department Computer Chips Factories and Manufacturing Supply Chain United States Politics and Government

U.S. Awards $120 Million to Polar Semiconductor to Expand Chip Facility

The grant is the latest federal award in a series stemming from the CHIPS and Science Act meant to ramp up domestic production of vital semiconductors.

By Madeleine Ngo

Commerce Department Computer Chips Factories and Manufacturing Politics and Government States (US) United States Economy United States Politics and Government

Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds

The United States will triple its domestic chip manufacturing capacity by 2032, the largest increase in the world, according to a report from the Semiconductor Industry Association.

By Madeleine Ngo

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