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Weaker Growth And Higher Inflation... Why Consensus Was Wrong
Weaker Growth And Higher Inflation... Why Consensus Was Wrong Authored by Daniel Lacalle, The weak GDP figure for the first quarter came with a double negative. Poor consumer spending and .....»»
Wells Fargo CEO Charlie Scharf "really bullish" on second half of year
Consumer spending growth in the second half could be the strongest in 70 years......»»
Wells Fargo CEO Charlie Scharf ‘really bullish’ on second half of year
Consumer spending growth in the second half could be the strongest in 70 years......»»
Tale of two economies will determine post-lockdown growth
(Bloomberg) -- The restart of the world economy risks going ahead without a key ingredient: the consumer. Getting companies to resume operations and factories to reopen is one thing. Persuading consu.....»»
Tale of two economies will determine post-lockdown growth
(Bloomberg) -- The restart of the world economy risks going ahead without a key ingredient: the consumer. Getting companies to resume operations and factories to reopen is one thing. Persuading consu.....»»
Visa transaction volumes hurt as coronavirus crisis deepens
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter......»»
Fourth-quarter GDP growth expanded at 2.1% rate, unrevised from earlier estimate
The pace of growth in the economy was left at 2.1% in the fourth quarter in the final estimate from the Commerce Department released on Thursday. Using more complete source data, the government found that consumer spending was higher than previously .....»»
Japanese economy sinks amid fears about virus impact
TOKYO (AP) — The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Mon.....»»
US trade deficit narrows for first time in 6 years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. trade deficit narrows in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. trade deficit shrinks in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment......»»
U.S. consumer, factory data suggest economy losing momentum
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year......»»
U.S. consumer spending rises steadily; inflation remains tame
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year......»»
Holiday Retail Sales Growth Were Better Than Many Troubled Retailers Are Suggesting
It is rather important to evaluate retail sales when it comes to the broader economy. Somewhere close to 70% of total U.S. gross domestic product is tied to spending at the consumer level......»»
Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing......»»
U.S. economy grows steadily in third quarter; consumer spending solid in November
U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market......»»
Final Q3 GDP Revision Unchanged At 2.1%: All Growth Comes From US Consumer Spending
Final Q3 GDP Revision Unchanged At 2.1%: All Growth Comes From US Consumer Spending The final revision of Q3 GDP came in as expected, at 2.1%, and unchanged from the second revision, rising frac.....»»
U.S. third-quarter growth unrevised; consumer spending strong
U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market......»»
U.S. consumer spending increases steadily; inflation muted
U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of growth in the fourth quarter......»»
U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae
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......»»