Retail Spending Growth Slowed in August
U.S. retail spending rose less than expected in August, although year-over-year retail sales are up nearly 6%. Slower auto and clothing sales weighed most heavily on August sales......»»
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession......»»
U.S. economy grows 1.9%
U.S. economic growth slowed less than expected in the third quarter. Resilient consumer spending offset declining business investment. As Fred Katayama reports, that allayed fears of a recession......»»
Consumers prop up U.S. economy as business spending retrenches
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession......»»
U.S. economy grows at modest 1.9% rate in third quarter
The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weaken.....»»
The US economy slowed less than expected in the 3rd quarter amid strong consumer spending
Reuters/Rebecca Cook Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. The results cast further doubt on the prospect that Trump would fu.....»»
U.S. economy slows marginally in the third quarter
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, which could further allay financial market fears of a recession......»»
Will the housing market continue to prop up the US economy?
Despite a recent drop in retail sales, softer business spending and a slowdown in job growth, the housing market keeps humming along. That's good news for a US economy that may need housing to keep the current recovery alive......»»
Cooling U.S. consumer spending underscores risks to economy
U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter......»»
US Spending Growth Weakest In Six Months, Core Capex Tumbles
US Spending Growth Weakest In Six Months, Core Capex Tumbles Americans' personal income and spending growth in August was expected to reverse some of the moves seen.....»»
Economic Report: Retail sales get big lift from auto purchases as consumers drive U.S. economy forward
U.S. retail sales got a big boost in August from purchases of new autos and building supplies, but most other stores reported weak or declining receipts in a sign that consumers trimmed spending toward the end of summer......»»
Economic Report: U.S. retail sales get big lift in August from auto purchases, but most stores post declines
U.S. retail sales got a big boost in August from purchases of new autos and building supplies, but most other stores reported weak or declining receipts in a sign that consumers trimmed spending toward the end of summer......»»
Retail Sales Shock: BofA Card Data Shows Plunge In August Spending
Retail Sales Shock: BofA Card Data Shows Plunge In August Spending With the August payrolls report widely seen as disappointing, with less than 100k private payrolls ad.....»»
Hiring slowdown extends into August
U.S. employment growth slowed more than expected in August, amid signs the trade war between Washington and Beijing are taking a toll on business sentiment, but wages saw their biggest jump in six months. Conway G. Gittens reports......»»
August jobs report points to slowing economy, Fed rate cut
U.S. job growth slowed more than expected in August, reflecting the U.S. trade war with China and raising expectations for a Federal Reserve rate cut this month......»»
Hiring slowdown extends into August
U.S. employment growth slowed more than expected in August, amid signs the trade war between Washington and Beijing are taking a toll on business sentiment, but wages saw their biggest jump in six months......»»
Slower U.S. job growth expected, but enough to support economy
U.S. job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial markets fearing a recession......»»
U.S. economy slowing, but consumers limiting downside
U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer spending in 4-1/2 years amid a solid labor market threw cold water on financial market expectations of a recession......»»
Economy slowing, but consumer spending remains strong
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4 1/2 years amid a strong labor market could further temper financial market expectations of a recession......»»
Economy slowing, but consumer spending remains strong
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4 1/2 years amid a strong labor market could further temper financial market expectations of a recession......»»
U.S. economy slows in second quarter; consumer spending robust
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession......»»