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We break down 2024's financial trends to leave behind — as well as a few worth taking with us into 2025. ... The Consumer Financial Protection Bureau provides free debt ... Some 20% of Americans ...
At the same time, consumer spending has remained sturdy, growing at a robust 3.7% annual rate in the third quarter after adjusting for inflation and a solid 0.3% in November, according to ...
By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.
Consumer sentiment and spending will remain strong in 2025, Goldman Sachs says. Analysts expect discretionary cash flow for US consumers to grow 5.2% compared to a 4.4% rise in 2024.
The slowdown in consumer spending, he said, shows the Fed has “won the war” in its fight to cool the economy and bring down inflation. “Now the question is, they've got to probably maintain.”
Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled ...
After a remarkable summer of robust consumer spending and financial-market resilience, the US economy is widely expected to slow in the coming months as the Federal Reserve continues its historic ...
“Consumer spending across all segments from high to low has remained stable since March." “There’s a lot of gloom and doom,” around the consumer, Bhave said. “And yet the data keep ...