ABC News on Nostr: Holiday shopping surges, flexing strength of US economy ========== Between Nov. 1 and ...
Holiday shopping surges, flexing strength of US economy
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Between Nov. 1 and Dec. 24, 2024, overall retail sales increased almost 4% compared to last year; Mastercard SpendingPulse reported a 3.8% rise, exceeding the estimate of 3.2% and last year's growth of 3.1%; jewelry sales grew 4%, while online spending surged 6.7%; consumer spending accounts for nearly three-quarters of U.S. economic activity; GDP grew at a 2.8% annualized rate for the quarter ending September 2024; unemployment rate stands at 4.2%; Federal Reserve cut interest rates by one percentage point in late 2024; Jerome Powell stated the economy is in a good place and consumer spending remains resilient.
#HolidayShopping #UsEconomy #ConsumerSpending #RetailSales #Mastercard #InterestRates #Gdp #Unemployment #JeromePowell #2024
https://abcnews.go.com/Business/holiday-shopping-surges-flexing-strength-us-economy/story?id=117114502
==========
Between Nov. 1 and Dec. 24, 2024, overall retail sales increased almost 4% compared to last year; Mastercard SpendingPulse reported a 3.8% rise, exceeding the estimate of 3.2% and last year's growth of 3.1%; jewelry sales grew 4%, while online spending surged 6.7%; consumer spending accounts for nearly three-quarters of U.S. economic activity; GDP grew at a 2.8% annualized rate for the quarter ending September 2024; unemployment rate stands at 4.2%; Federal Reserve cut interest rates by one percentage point in late 2024; Jerome Powell stated the economy is in a good place and consumer spending remains resilient.
#HolidayShopping #UsEconomy #ConsumerSpending #RetailSales #Mastercard #InterestRates #Gdp #Unemployment #JeromePowell #2024
https://abcnews.go.com/Business/holiday-shopping-surges-flexing-strength-us-economy/story?id=117114502