U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
Consumer Spending Jumps 0.6% in October
U.S. shoppers are benefiting from moderate inflationary pressures, while incomes increased 0.5% last month.
Economic Growth Estimate Stays Put at 3.5%
The latest GDP estimate for the third quarter confirms growth is slowing as the big boost from tax cuts starts to fade.
U.S. Holiday Sales to Pass $1 Trillion Milestone
A report by eMarketer predicts a 6% surge to $1.002 trillion in holiday spending this year, the biggest gain since 2011.
Can U.S. Consumers Continue Their Pace of Spending?
Consumer spending rose 0.4% in September, but personal income gains were modest and the savings rate fell.
Consumer Spending Growth Slows to 0.3%
Economists had expected a slowdown in August after five straight strong gains but consumer confidence remains high.
U.S. Consumer Spending Rises 0.4% in July
Spending has now risen by 0.4% or more for five straight months but "the downside to the economy’s upside is steadily increasing inflation.”
Consumer ‘Wants’ Push Up Spending in June
Strong discretionary spending signals consumer confidence, rising solidly along with several other key economic indicators.
Consumer Credit Jumps $24.5 Billion in May
The gain was the largest since November 2016 and easily beat economists' expectations of a $12.4 billion increase.
U.S. Business Inventories Rise 0.3% in April
The gain in inventories followed a 0.1% drop in March and was fueled by a 0.5% increase in retail inventories after a 0.7% decline the previous month.
U.S. Retail Sales Increase 0.3% in April
The second straight monthly gain indicates consumer spending is picking up after rising only 1.1% in the first quarter.