Last week’s report that U.S. consumers hiked their spending by 3.3 percent in 2023’s final quarter surprised many analysts, who had expected just a 2-percent bump.
Tag: U.S. economy
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U.S. ECONOMY GREW MORE THAN FORECAST IN FOURTH QUARTER
U.S. GDP grew by 3.3 percent in last year’s final quarter, ending a year in which a widely expected recession failed to materialize.
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ECONOMIC UPDATE — MARKET OVERVIEW
Where equities and economies are headed, for the most, is a guessing game since there are so many wild cards that have been dealt that no one can predict how they will be played.
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SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels.
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MOST OF RECENT INFLATION DUE TO CORPORATE GREEDFLATION
In 2023’s second and third quarters, 53 percent of inflation was due to corporations jacking consumer prices to protect profits, according to a study by think tank Groundwork Collaborative (GC), which claims “resounding evidence” for the allegation.
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2023 HOME SALES WEAKEST SINCE 1995 BUT SELLING PRICES SET RECORD
In 2023, 4.09 million existing homes sold, the fewest since 1995, the National Association of Realtors (NAR) reported.
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AMERICANS BULLISH ON ECONOMIC FUTURE
Americans are feeling better about the economy than they have at any time since July 2021, the University of Michigan's monthly survey of consumer sentiment has found.
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NUMBERS GAME: U.S. HOLIDAY SALES BEAT FORECASTS
U.S. consumers spent 0.6 percent more in December than in November, a month in which shoppers raised their spending 0.3 percent from October.
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INTEREST ON NATIONAL DEBT EXCEEDS THREE-QUARTERS OF A TRILLION DOLLARS
The annual interest due on the U.S. national debt has reached $730.8 billion, a sum that exceeds the combined net worth of billionaires Jeff Bezos, Mark Cuban, Ray Dalio, Bill Gates, Ken Griffin, Elon Musk, George Soros, and Mark Zuckerberg, according to DailyWire.com.
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TECH STOCK RALLY: HOW HOT IS TOO HOT?
With the U.S. Federal Reserve promising interest rate cuts this year and U.S. equity markets setting records, fund managers are betting big on Big Tech once again.