With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
The government's second estimate of GDP showed a rebound in corporate profits as businesses benefited from strong consumer spending.
"The trend in durable goods orders remains decidedly weak" amid worries about a global growth slowdown and trade tensions.
The self-confessed economic outsider faces the challenge of helping stimulate the eurozone economy amid mounting fears of recession.
Trade tensions between the United States and China continue to spur volatility.
“The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence," the Conference Board says.
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
“Given the broader economic picture, housing should be doing better."
A second straight month of strong U.S. job growth is "further evidence that February’s paltry 56,000 increase in jobs was an aberration."
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
