The surprise drop in consumer spending could lead to sharply lower third-quarter growth.
Economic Report: Americans Cut Spending In July, Save More
MarketWatch.com - Top Stories, MarketWatch
Fri, 08/29/2014 - 6:34am
Topics: spending
BING NEWS:
- US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says
Online retail sales in the U.S. rose about 7% from January to April this year, an Adobe Analytics report showed on Thursday, driven by strong demand for groceries and cheaper discretionary items.
05/9/2024 - 12:06 am | View Link - Morgan Stanley pushes Fed rate cut expectation to September from July
Morgan Stanley said it now expects the U.S. Federal Reserve to start lowering interest rates from September, compared to its earlier forecast of July, while continuing to see three 25-basis-point rate ...
05/7/2024 - 5:13 pm | View Link - Americans have spent their savings. Economists worry about what comes next
Consumer spending plays a crucial role in driving economic growth in the United States, and it has shown remarkable strength over the past two years. But now that excess savings have now dwindled to ...
05/7/2024 - 12:32 am | View Link - Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
05/1/2024 - 1:15 am | View Link - Consumer confidence down, despite growth signs
The recent downturn in consumer confidence comes as most economic indicators show the U.S. economy in very good shape by historical standards, though there have been some signs that it may be tapering ...
04/30/2024 - 7:57 pm | View Link - More
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