U.S. consumer spending strengthening in boost to economy

Despite pockets of labor shortages, supercharged hiring and spending are in evidence. That's good, since consumer spending is 70% of the US economy. Michael M. Santiago/Getty Images Tu.....»»

The U.S. economy has recovered more quickly than generally expected "and looks to be strengthening," said Federal Reserve Chairman Jerome Powell in remarks released on Monday. Consumer spending, housing, business investment and manufacturing pr.....»»

Americans increased spending in January for the first time in three months after the government sent $600 stimulus checks to families and boosted unemployment benefits as part of effort to shore up the economy......»»

The American Consumer Cannot Prop Up The Economy Forever: "Something Has To Give" Authored by Mac Slavo via SHTFplan.com, While consumer confidence can boost the economy and spending can drive growth, the con.....»»

U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth......»»

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......»»

Consumer spending rose at a healthy clip in May for the third month in a row, suggesting the U.S. economy is still on solid ground even as growth has waned. Consumer spending increased 0.4% last month while the yearly rate of inflation slowed to 1.5%......»»

U.S. economy grew at its fastest pace in four years thanks to a boost in consumer spending and a rush to push out soybean exports to China ahead of higher tariffs, leading some economists to question if that kind of growth will be extended......»»

American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending......»»

Visa Inc topped Wall Street estimates for quarterly profit on Wednesday, as the world's largest payments network benefited from higher credit- and debit-card spending in a strengthening U.S. economy......»»

The drop in oil and gas prices is likely to lift consumer spending and the economy. That boost should more than offset a dip in.....»»

More Arizonans are spending big dollars on luxury items thanks to a booming economy. Ten years after the Great Recession, consumer confidence in all aspects of the luxury market has recovered, some business leaders say, creating a big boost in busi.....»»

Chains that invested to improve stores and boost their e-commerce businesses were rewarded in 2018 as a surging economy lifted consumer confidence and spending......»»

The recent cyberattack on Colonial Pipeline combined with a pandemic-recovering economy have hit the trucking industry, which plays a crucial role in consumer spending......»»

Only 266,000 jobs were added last month but the US needs much more. It shows consumer spending and the work force won't align in the reshaped economy. The US is reopening to a reshaped economy where consumer spending is recovering faste.....»»

Only 266,000 jobs were added last month but the US needs much more. It shows consumer spending and the work force won't align in the reshaped economy. The US is reopening to a reshaped economy where consumer spending is recovering faste.....»»

Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic......»»

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......»»

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