Next week is the all-important kickoff of the holiday shopping season, with the four most important shopping days of the year.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 17.
- The retail sales data through October show a consumer who is ready and willing to spend this holiday season.
- The fact that retail sales for October continued to climb after a huge gain in spending during September bodes well for holiday sales.
- Income growth continues to lag consumer spending.
- We are forecasting nearly 3% real consumer spending growth in the fourth quarter.
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You would think banks would be busy making new loans in this sort of economic and financial environment, but you would be wrong.Read More ›
We are finally getting some concrete details on the size and shape of the likely tax reform package that is moving through the House.Read More ›
we see the net 261K gain in jobs as evidence that the U.S. labor market is swiftly resuming its solid monthly pace of job creation.Read More ›
The message from the FOMC this month is no change in monetary policy plans, with the economy and inflation evolving close to our expectations.Read More ›