Buoyant Consumer Spending Signals Resilient Year-End GDP Growth

Core Insights - Americans maintained strong spending momentum early in the holiday season, indicating potential for a significant boost in fourth-quarter economic growth [1] Retail Sector - Broad retail gains were observed, suggesting robust consumer activity during the holiday shopping period [1] - Strong dining out data further supports the notion of increased consumer spending [1] Economic Growth - The current spending trends could lead to real GDP growth exceeding 3% in the fourth quarter [1]