Atlanta Fed Lifts GDP Outlook to 3% on Consumer Spending

Atlanta Fed Lifts Q-2 GDP View to 4.1% The US economy is growing at a 4.1% annualized rate in Q-2 following the latest data on consumer spending, the Atlanta Federal Reserve’s GDPNow .....»»

Executives at Wells Fargo & Co. are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

Executives at Wells Fargo are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»

The company's same-store sales jumped 24.5% in the fourth quarter ended Jan. 31, beating analysts' average estimate of an 18.9% increase......»»

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Japan's economy shrank at the fastest pace in almost six years in the December quarter as last year's sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks......»»

Mastercard Inc.’s latest results indicated strong consumer spending that analysts think will continue even as the coronavirus outlook unfolds......»»

Joshua Lott/Getty Images An index measuring consumers' short-term outlook.....»»

Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed......»»

Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy......»»

U.S. consumer confidence fell for a third straight month in October amid concerns about the short-term outlook for business conditions and job prospects, but remained at levels consistent with continued growth in consumer spending......»»

U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment......»»

Atlanta Fed President Raphael Bostic on Friday said the Fed might respond with interest rate cuts if consumer spending suffers in the wake of the new round of higher tariffs on Chinese goods......»»

The rise in consumer discretionary spending is leading to the recovery of the restaurant industry. The latest Earnings Outlook shows optimism over this earnings season, with the bottom line of.....»»

The Atlanta Fed Lifts Q-3 GDP Growth View to 5% The US economy is growing at a 5.0% annualized rate in Q-3 following the latest data on construction spending and manufacturing activity, the Atl.....»»

The National Retail Federation on Monday raised its U.S. retail sales forecast for 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending......»»

The National Retail Federation on Monday raised its U.S. retail sales forecast for 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending......»»

Retailers, from Walmart to Nordstrom, are reporting strong quarterly sales, evidence that the robust U.S. economy is spurring people to shop......»»

The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity......»»

US consumer sentiment unexpectedly improved as views on economic conditions improved, helping bolster the outlook for American spending. The University of Michigan’s final December sentiment index rose from.....»»