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That income growth brought along increasing consumer purchasing power. In 2023, the median American worker can afford the same goods and services they did in 2019 — and still would have $1,000 left.
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 ...
Earnings update. With 92% of the S&P 500 done reporting first quarter earnings, the index is pacing for its highest year-over-year earnings growth since the second quarter of 2022.
November 16, 2023 at 12:03 PM Goldman Sachs chief economist Jan Hatzius admits Americans' excess savings are "clearly" lower now than they were a year ago. But that doesn't mean consumer spending ...
“There are a number of factors influencing how today’s consumer is shopping including inflation, the labor market, food and gas prices, and the path of interest rates,” said Steve Sadove ...
Government data scheduled for release Thursday is expected to show retail sales ticked up 0.1% in August from the prior month, a slowdown from July's 0.7% increase. ... But consumer spending has ...
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, accelerated 0.7% last month after an unrevised 0.4% rise in August, the Commerce Department's Bureau of ...
Credit card balances grew 10% to $6,501 in the 12 months from Q3 2022 to Q3 2023, as higher interest rates sharply increased in 2023. Consumers were by and large still able to service those ...
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