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Tag: consumer spending


Activity, Capital and Risk, Credit, Retail Banking

Card companies’ earnings likely to reflect rebound

July 19, 2021

Via: Payments Dive

As card companies begin reporting second-quarter earnings this week, they’ll benefit from a consumer spending rebound. Still, spendthrift cardholders won’t necessarily translate into a bonanza for the card networks. The start of the COVID-19 pandemic depressed spending last year as […]


Capital and Risk, Macroeconomic

Consumer sentiment index rises to 78.9 in September, highest level since March

September 18, 2020

Via: Market Watch

The University of Michigan said the preliminary reading of its U.S. consumer sentiment index in September was 78.9, up from 74.1 in the prior month. Economists polled by MarketWatch expected a reading of 75.9. The sentiment indicator covers how consumers […]


Capital and Risk, Macroeconomic

U.S. GDP likely sank a record 35% in the 2nd quarter after coronavirus ravaged the economy

July 29, 2020

Via: Market Watch

The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more. Economists polled by MarketWatch estimate gross domestic product — the official scorecard […]


Capital and Risk, Macroeconomic

Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’

May 28, 2020

Via: CNBC

The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit […]


Capital and Risk, Macroeconomic

Consumer confidence rises unexpectedly in May as economy reopens

May 26, 2020

Via: CNBC

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]


Capital and Risk, Macroeconomic

GDP sinks 4.8% in the first quarter, biggest drop since 2008 and there is worse to come

April 29, 2020

Via: Market Watch

The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter since 2008 in a prelude to an even more massive decline in the spring. GDP, the official […]


Capital and Risk, Macroeconomic

Slow Chinese economy casts doubt on speed of U.S. recovery, analysts say

April 17, 2020

Via: Market Watch

Investors have taken some solace in signs that China is beginning to dig itself out of the economic hole created by the coronavirus pandemic as restrictions aimed at fighting the disease have been lifted in recent weeks. Analysts warn though […]


Capital and Risk, Macroeconomic

US consumer spending growth slowed in January while incomes jumped

February 28, 2020

Via: CNBC

Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from […]


Capital and Risk, Macroeconomic

Happy New Year! The U.S. economy has entered 2020 ‘with a little more zip’

January 13, 2020

Via: Market Watch

As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year. The crucial question is, can they? And the answer seems to be, quite clearly, yes. What’s […]


Capital and Risk, Macroeconomic

Third-quarter GDP left at 2.1% — stronger consumer spending offset by weaker business investment

December 20, 2019

Via: Market Watch

The numbers: The pace of growth in the U.S. economy was left at 2.1% in the third quarter, as strong consumer spending was offset by weaker business investment in inventories, in the final estimate from the Commerce Department on Friday. […]


Capital and Risk, Macroeconomic

Strong consumer spending vs. weak business investment: What really matters for the US economy

July 26, 2019

Via: CNBC

U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about how much longer it can last. Personal consumption expenditures rose 4.3% in the second […]


Capital and Risk, Liquidity

Treasury yields leap after stronger-than-expected retail sales

July 16, 2019

Via: Market Watch

Treasury yields jumped Tuesday after a key update of consumer spending showed U.S. households remained in bright shape, potentially undercutting expectations for the Federal Reserve to carry out rate-cuts this year. What are Treasurys doing? The 10-year Treasury note yield […]


Capital and Risk, Macroeconomic

Weak consumer spending is seen restraining US growth in the first quarter

April 27, 2018

Via: CNBC

The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably […]