US Outlook on Economy Improves for Second Straight Month
==========
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
Newsweek /
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2024-09-13 17:10:29
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wss://relay.damus.ioPublished at
2024-09-13 17:10:29Event JSON
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"content": "US Outlook on Economy Improves for Second Straight Month\n==========\n\nAmericans' 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.\n\n#Economy #ConsumerConfidence #Inflation #Gdp #PresidentialElection #KamalaHarris #DonaldTrump #FederalReserve #RetailSales #DurableGoods\n\nhttps://www.newsweek.com/consumer-outlook-economy-improves-1953591",
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