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The data was included in the GDP report, which showed consumer spending moderating to a still-solid 2.5% pace in the first quarter from the brisk 3.3% pace in the October-December period.
Consumer spending, which accounts for about 70% of U.S. economic activity, accelerated to a 3.5% annual pace last quarter, up from 2.8% in the April-June period and fastest growth since the fourth ...
Recent data has shown a cooling — though still historically tight — labor market, and inflation continuing to decelerate. Hatzius believes there will be "more of the same" in 2024.
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.
Hatzius agreed that consumer spending will likely be fueled by higher-income consumers in 2024, with more pressure on lower-income shoppers. The consumer's reaction to the return of student loan ...
“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 ...
Consumer spending surged at a 3.7% pace in the third quarter, the fastest in 1-1/2 years, helping to propel the economy to a 3.1% growth rate following a 3.0% pace of expansion in the April-June ...
WASHINGTON (Reuters) -U.S. consumer confidence increased to a five-month high in December, with Americans growing more optimistic about current and future business conditions as well as the labor ...