All Posts Tagged: U.S. economy
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.Key observations:
- 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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It’s been a long time coming, but more consumers are finally riding the wave of plentiful job opportunities, rising incomes, and improving net worth. Nowhere is this better reflected than in the current readings of the Conference Board’s Consumer Confidence Index. Consumer confidence has only been at these nose‐bleed levels a handful of times over the last 40 years, notably […]Read More ›
Mixed U.S. economic data and political upheaval have created muddy waters that are difficult to navigate.Read More ›