U.S. Incomes Soared 10.5% in April and Saving Rate Hit Highest Level Ever
Government payments boosted income in April but Americans shut in their homes spent nearly $2 trillion less than they had a month earlier.
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Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars
The jump in incomes and consumer spending undermines the narrative of an ailing economy that Democrat presidential hopefuls are pushing.
Consumer Confidence Remains High Despite Slight Decline in November
Despite dipping again in November, confidence levels remain high and should support solid spending during this holiday season.
Consumer Sentiment Climbs Higher
Consumer sentiment is up for the third consecutive month.
Consumer Confidence Remains Strong Despite October Dip
October’s survey shows healthy level of confidence and should stave off fears that a recession could occur in the near future.
Retail Sales Skid Onto Rumble Strip
An unexpected decline in sales in September is a warning signal about the strength of the U.S. consumer.
Consumer Credit Posts Largest Gain in July Since 2017
The sharp rise in July borrowing can be chalked up to Americans’ very high consumer confidence.
Parker: Despite the Yield Curve, the Sky Isn’t Falling
Elaine Parker of Job Creators Network writes in the Washington Times that the broad scope of economic indicators offset the concern that the inverted yield curve suggests a recession is imminent.
Trump Removes Bibles from List of Chinese Tariff Items
Bibles are exempt from President Trump’s upcoming tariff increases on Chinese goods following book publishers’ warnings of a “Bible tax.”
U.S. Economy Upgraded One Day After Yield Curve Panic
A huge batch of economic data sent economists scrambling to raise their forecasts for U.S. growth.
Walmart Earnings Crush Fears of Imminent Recession
Walmart earnings and forecast indicate the U.S. consumer is going strong, allaying fears of a broad economic slowdown.
American Consumer Spending Jumped Higher in May
Retail sales were stronger than initially reported in April and strong again in May, indicating better economic growth.
Generation X Biggest Spenders Treating Mom to a Meal on Her Special Day
Taking mom out to eat on Mother’s Day is a well-established tradition in the United States. Now an analysis of Bank of America data about debit card users shows that Generation X will be spending the most taking her out for a meal next weekend.
Trump Economics Vindicated by March Consumer Spending, Inflation, and Income Data
Consumer spending data points to a strengthening economy. Wages rose for the third month in a row. Inflation stayed tame.
Retail Sales Crashed in December
As the stock market slumped and the government headed into a shutdown, American consumers pulled back on spending in December.
U.S. GDP Grew by 3.5 Percent in Third Quarter
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
A Very Trumpian May: American Incomes and Savings Rose While Utility Bills Fell
Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.
Economic Growth was Even Slower than We Thought at Start of 2018
A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.
Israel First-Quarter GDP Better than Expected at 4.5 Percent Growth
Israel‘s economy grew an annualized 4.5 percent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of Statistics said in a second estimate.
