Economy Week Ahead: Central Banks, GDP, Consumer Spending

Economy Week Ahead: Central Banks, GDP, Consumer Spending

This post was originally published on this siteGross domestic product data from the U.S. and eurozone this week will show how sharply economic growth slowed in the third quarter.

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Rising prices and empty store shelves spell danger for Biden and Democrats

Rising prices and empty store shelves spell danger for Biden and Democrats

This post was originally published on this siteJoe Biden’s struggle to make America normal again after the pandemic is proving to be far more protracted and complicated than first thought, which has enormous political implications for the President and his party.

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Consumer Spending Seems Steady Amid Supply Crunch

Consumer Spending Seems Steady Amid Supply Crunch

This post was originally published on this siteEconomists estimate that retail sales rose 0.5% last month, as U.S. consumers continue to spend despite supply constraints causing a shortage of vehicles and other goods.

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Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

This post was originally published on this siteConsumer prices rose 0.4 percent in September and 5.4 percent in the year leading into last month, according to data released Wednesday by the Labor Department.The consumer price index (CPI), which tracks inflation, rose at a slightly faster rate…

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Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

This post was originally published on this siteAmericans are shopping less frequently and spending more per trip during COVID, a trend that could continue to some extent, hurting impulse purchases.     

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