Consumer spending hits six year high in December

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Consumer confidence hit an 18-year high point earlier this year, leading to a strong. U.S. consumer spending in October increased by the most it had in seven. That would represent the sales season's biggest growth in six years.. The Conference Board reports the index fell to 128.1 in December, down.

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Consumer spending tumbled 0.5% in December: Experts The strong consumer spending reported by the Commerce Department on Thursday probably keeps the U.S. central bank on track to raise interest rates next month for the fourth time this year. benefits.

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Higher rates hit home. After US existing homes sales fell in December. s update on consumer spending and income isn’t expected to change the outlook for moderate growth, although hints of an.

Key takeaways for homebuyers now that interest rates are rising Key takeaways: mortage rates are rising whilst savings rates are falling. While savings rates have been falling, smaller banks are raising their rates in order to attract new business. People should consider remortgaging in order to capture lower interest rates whilst they are still available.

Economic report: consumer spending hits 6-year high – as Americans cut savings to 12-year low Published by on January 29, 2018 | 0 Comment Americans capped off 2017 with a burst of holiday spending as an economic expansion closes in on its ninth year.

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December rounded off the worst year for consumer spending across the UK since 2012, data by Visa has revealed.. growth hits six-year high. lower expenditure on an annual basis in December.

Consumer spending hits eight-year high in September, but here’s why it can’t last. The numbers: Consumer spending leaped 1% in September, the biggest gain since early mid-2009, just as the current economic recovery got underway. Economists polled by MarketWatch had forecast a 0.9% increase due to hurricane-related spending. Personal income rose 0.4%. The savings rate fell to 3.1%, the lowest level since December 2007.

Consumer confidence hit an 18-year high point earlier this year. According to the Conference Board, the consumer confidence index jumped to a reading of 138.4 in September, up from 134.7 in August.

US Consumer Spending Just Hit A 6-Year High – Business Insider: "More evidence that the economy is starting to come out of the duldrums. US Consumer Spending just hit a 6-year high, according to Gallup, which constantly tracks this."