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Us Consumer Spending

All articles tagged with #us consumer spending

economics1 year ago

"Caution: US Consumer Spending Stalls as Economy Cools and Wages Rise"

US consumer spending has shown signs of decline since October 2023, with real retail sales weakening despite nominal sales appearing strong. Economic stress is evident, particularly among younger age groups, as credit card and auto loan delinquencies soar to record highs. Homeownership rates also reflect struggles among Millennials and Zoomers. The popularity of "Buy Now, Pay Later" plans indicates consumer credit stress, while job market data reveals a weakening labor market. Additionally, inflation remains high, leading to concerns about stagflation as economic cracks in spending, employment, and delinquencies emerge.

via Mish Talk|
#delinquencies#economics#inflation
financeeconomy1 year ago

"January Retail Sales Plummet, Raising Economic Concerns"

Despite a Wall Street rally and positive economic indicators, weak U.S. consumer spending data, with a significant drop of 0.8% in January, raises concerns about the strength of the economy. Ford CEO Jim Farley urged investors to focus on Ford's "Pro" fleet business over Tesla, while Russian leader Vladimir Putin expressed a preference for Joe Biden as U.S. president. Additionally, Nvidia's success in AI investments and Morgan Stanley's identification of Asia-Pacific AI beneficiaries highlight the ongoing impact of artificial intelligence on global markets.

via CNBC|
#financeeconomy#ford-pro-fleet-business#nvidias-ai-growth
economy2 years ago

Slowing US consumer spending signals labor market slowdown

US consumer spending rose moderately in October, with a 0.2% increase, while inflation showed signs of cooling, with the smallest year-on-year gain in over two years. The labor market also showed signs of gradual slowing, as more Americans applied for unemployment benefits and the number of people on jobless rolls surged to a two-year high. These developments have bolstered expectations that the Federal Reserve's interest rate hiking campaign may be over, with policymakers suggesting that rate hikes are likely over but pushing back on expectations of quick rate cuts.

via Reuters|
#economy#federal-reserve#inflation
economy2 years ago

"America's Economy Thrives Amidst Challenges: A Closer Look"

US consumer spending appears strong as gross domestic product (GDP) expanded at an annualized rate of 4.9% in Q3, surpassing expectations. However, corporate earnings suggest that not all consumers are spending freely, with some tightening their budgets due to factors such as high interest rates, resumption of student loan payments, and depletion of pandemic-era savings. Discount airlines and toy companies have reported softer demand, while Amazon exceeded expectations. UPS trimmed its revenue outlook, citing softening demand and lower consumer spending in the US and European markets. Mortgage rates continue to rise, impacting purchase activity. In China, homebuilder Country Garden has defaulted on an international bond, signaling potential financial collapse amid the country's real estate crisis.

via CNN|
#corporate-earnings#economy#mortgage-rates
finance2 years ago

Trouble Looms: CNBC's Daily Open Signals Warning

Asia-Pacific stock markets rebounded, minimizing weekly losses, while the tech-heavy Nasdaq Composite Index is down over 10% from its highest close in July. Amazon reported strong third-quarter earnings, with its ad business and cloud unit showing significant growth. Ford Motor missed earnings expectations due to restructuring and the impact of a labor strike. Intel's third-quarter earnings beat expectations, leading to a rise in shares. China's former premier, Li Keqiang, passed away at the age of 68. Concerns are rising about the U.S. consumer running out of excess cash and slowing spending, as indicated by recent economic indicators and cautious earnings guidance.

via CNBC|
#amazon#asia-pacific-stock-markets#finance
economy2 years ago

"US Consumer Spending Set to Moderate, Not Plummet"

The US economy is expected to slow in the coming months as the Federal Reserve continues its fight against inflation, leading to a softening of consumer spending. However, investors and economists are optimistic that consumer spending won't deteriorate significantly, which should help stocks avoid a massive sell-off. Factors such as the resumption of student loan payments and Americans' credit card debt addiction could also contribute to a slowdown in consumer spending. The effects of the Fed's aggressive inflation-busting campaign and the impact of rate hikes are still uncertain. Overall, the stock market has performed well this year, but investors shouldn't expect stellar returns in the near future.

via CNN|
#economy#federal-reserve#inflation
economy2 years ago

US Consumer Spending and Inflation Rise in April

US consumer spending rose by 0.8% in April, exceeding expectations and boosting the economy's growth prospects for Q2. Inflation also picked up, increasing the likelihood of the Federal Reserve raising interest rates again next month. The growth picture was further brightened by a surprise rebound in orders of manufactured non-defense capital goods excluding aircraft, suggesting that the economy was experiencing a spring revival after hitting a speed bump in Q1.

via Yahoo Canada Finance|
#economic-growth#economy#federal-reserve
economy2 years ago

US Core Inflation Remains Strong Despite Flat Consumer Spending in March.

US consumer spending remained unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month. The unchanged reading in consumer spending last month followed a downwardly revised 0.1% gain in February. The economy is facing several headwinds, including higher interest rates as the Fed fights inflation, and tightening credit conditions, which could crimp both consumer and business spending.

via Reuters|
#economy#federal-reserve#inflation