Relevant:
- U.S. consumer spending, trade data signal sluggish growth
- U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags
- Drop in U.S. consumer spending clouds Fed rate hike outlook
- US Household Debt Is Rising 60% Faster Than Wages
- US Q3 GDP Revised Higher To 3.2% On Consumer Housing & Car Spending; Exports
2017-03-31 — bloomberg.com
U.S. consumer spending rose less than forecast in February even as wage growth improved, according to government data that also showed inflation reached the Federal Reserve's goal for the first time in almost five years.
...
The figures are consistent with projections of softer consumer spending in the first quarter, partly due to smaller outlays for household utilities amid milder weather. The slowdown may prove temporary because of steady hiring, cheap financing and a surge in household optimism.
This is not a good combination.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.