America’s economic engine is still revving, despite fears of a ... - CNN

Sep 17, 2024 · America’s economic engine is still revving, despite fears of a slowdown ... The increasingly cautious approach to spending is likely more “wallet shift” versus fears of …

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Sep 17, 2024 · By Bryan Mena, CNN Washington (CNN) — A key driver of the US economy remains solid.Spending at US retailers rose 0.1% in August from the prior

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Sep 17, 2024 · By Bryan Mena, CNN Washington (CNN) — A key driver of the US economy remains solid. Spending at US retailers rose 0.1% in August from the prior month, the …

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Sep 17, 2024 · Washington (CNN) — A key driver of the US economy remains solid. Spending at US retailers rose 0.1% in August from the prior month, the Commerce Department reported …

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FAQs about America’s economic engine is still revving, despite fears of a ... - CNN Coupon?

Why is consumer spending a good sign for America's economy?

It’s an encouraging sign for America’s economy, since consumer spending represents two-thirds of US economic output. Retail sales make up a sizable chunk of overall spending. Tuesday’s report is the final major economic release before the Federal Reserve announces its latest interest-rate move on Wednesday. ...

Could the US economy pull off a'soft landing'?

The government’s GDP report isn’t always easy to decipher. Sometimes the headline number masks trends under the surface. But this time, there’s no mistaking that the American economy is truly on solid footing, from consumers to businesses. It also shows that the economy could pull off an extremely rare “soft landing.” ...

How has the economy changed from April to June?

A closer look shows that key parts of the economy improved from April through June compared to the prior three months, despite the highest interest rates in nearly a quarter century and persistent price pressures. The government’s GDP report isn’t always easy to decipher. Sometimes the headline number masks trends under the surface. ...

What is the biggest flashing red light in the economy right now?

The biggest financial concern in the economy right now is the high level of debt people are racking up. One reason consumer spending has held up so well in the face of higher-than-desirable inflation and the highest interest rates in over two decades is that consumers aren’t necessarily spending within their means. ...

Will the Fed cut the job market aggressively?

The health of the US economy, especially the job market, is top of mind for the Fed and Wall Street, which is betting the central bank will start cutting aggressively. Employers are hiring fewer workers these days and it’s become a lot tougher for workers to find a new job. ...