Newsweek on Nostr: US Outlook on Economy Improves for Second Straight Month ========== Americans' ...
US Outlook on Economy Improves for Second Straight Month
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Americans' outlook on the U.S. economy improved for the second straight month; University of Michigan's consumer sentiment index rose to 69 in September from 67.9 in August, the highest since May; Joanne Hsu noted improvement in buying conditions for durables; consumer sentiment index peaked at 9.1% inflation in June 2022; index has increased by about 40% since then; uncertainty remains due to the upcoming presidential election between Kamala Harris and Donald Trump; GDP grew at 3% annual pace in April-June quarter; retail sales increased by 1% in July; concerns over rising credit card debt and reduced savings may impact future spending; Federal Reserve expected to cut benchmark rate by a quarter-point next week.
#Economy #ConsumerConfidence #Inflation #Gdp #PresidentialElection #KamalaHarris #DonaldTrump #FederalReserve #RetailSales #DurableGoods
https://www.newsweek.com/consumer-outlook-economy-improves-1953591
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Americans' outlook on the U.S. economy improved for the second straight month; University of Michigan's consumer sentiment index rose to 69 in September from 67.9 in August, the highest since May; Joanne Hsu noted improvement in buying conditions for durables; consumer sentiment index peaked at 9.1% inflation in June 2022; index has increased by about 40% since then; uncertainty remains due to the upcoming presidential election between Kamala Harris and Donald Trump; GDP grew at 3% annual pace in April-June quarter; retail sales increased by 1% in July; concerns over rising credit card debt and reduced savings may impact future spending; Federal Reserve expected to cut benchmark rate by a quarter-point next week.
#Economy #ConsumerConfidence #Inflation #Gdp #PresidentialElection #KamalaHarris #DonaldTrump #FederalReserve #RetailSales #DurableGoods
https://www.newsweek.com/consumer-outlook-economy-improves-1953591