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Tag Archives: consumer spending
Q4 Economic Growth Continues
Popular Economics Weekly Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the … Continue reading
Why Inflation Still a Problem?
Financial FAQs The Fed’s preferred inflation gauge, Personal Consumption Expenditures Index (PCE) isn’t declining because consumers continue to spend more than they earn. Why? BEA.gov Such spending gave a boost to retail sales and so made holiday shoppers happier. But … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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Retail Sales Boost Q4 Growth
Financial FAQs “Advance estimates of U.S. retail and food services sales for December 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $729.2 billion, an increase of 0.4 percent (±0.5 percent)* from the … Continue reading
Posted in Consumers, COVID-19, Economy, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, retail sales
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Americans Still Fully Employed!
Popular Economics Weekly Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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Bidenomics Works–Part II
Financial FAQs A large fraction of voters do suffer from economic illiteracy. Indeed, it is fair to say that an ample majority do not understand the basics of how markets work. They are especially confused about labor and international markets. … Continue reading
Bidenomics Cause of Recovery
Financial FAQs “Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the “third” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third … Continue reading
Posted in Consumers, COVID-19, Economy, Housing, housing market, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP, GDP growth, inflation, interest rates
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Higher Economic Growth Ahead?
Popular Economics Weekly The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent on December 9, unchanged from December 5 after rounding. After recent releases from the US Census Bureau and … Continue reading
Posted in Consumers, COVID-19, Economy, Weekly Financial News
Tagged consumer confidence, consumer spending, economics, Economy, Federal Reserve, finance, GDP, GDP growth, inflation, interest rates
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How Much Do We Care?
ANSWERING KENNEDY’S CALL “Robert F. Kennedy, Jr., the proposed secretary of the Department of Health and Human Services, would undo all of this. On his watch, were his ideas implemented, millions of us would die. Knowing that our lives will … Continue reading
Posted in COVID-19, Economy, gun violence, Politics, Weekly Financial News
Tagged consumer spending, Donald Trump, Federal Reserve, Great Depression, health, healthcare, inflation, news, Politics
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Holiday Sales Booming
Popular Economics Weekly FREDretailsales The Commerce Department reported Retail trade sales were up 0.4 percent (±0.5 percent)* from September 2024, and up 2.6 percent (±0.5 percent) from last year. Nonstore retailers were up 7.0 percent (±1.4 percent) from last year, … Continue reading
Posted in Consumers, COVID-19, Politics, Weekly Financial News
Tagged business, consumer spending, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates, news, unemployment report
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Inflation Is Not the Problem
Financial FAQs Inflation is close to its long-term 2 percent range, so the Federal Reserve has accomplished its goal of stabilizing prices. Yet the election results show that rising prices since the COVID-19 pandemic most panicked voters; even more than … Continue reading
Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News
Tagged consumer spending, economics, Economy, Federal Reserve, finance, GDP growth, inflation, interest rates
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