🇺🇸 UPDATE: US consumer spending rose 0.4% in August despite core inflation holding at 2.9%. https://t.co/32F3nQde0S ...

LIVE PCE Inflation Report: Numbers Come in as Expected, Paving Way for Rate Cut That makes the Federal Reserve's next interest-rate decision a little bit trickier, as inflation remains elevated, economic growth is resilient, and the labor market weakens. Consumer spending grew by 0.6% last month, the Bureau of Economic Analysis reported Friday. That's higher than July's 0.4% pace. The increase, fueled by rising compensation, shows households are still willing to spend even as inflation remains elevated. Top ...

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product—the nation's output of goods and services—rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3%, and forec ...

Chinese shoppers are splurging on leisure, not designer brands https://t.co/JIDlGF3c7x ...

Gross domestic product grew at a 3.8% annual rate in April through June, up from a previous estimate of 3.3%, as consumer spending was revised higher. ...

The assumption was that consumer spending had softened considerably due to angst and uncertainty stemming from the trade wars. Now it appears that Americans mostly went about their business as usual. ...

All of those things would seem to suggest that this is an economy in trouble. Not so according to the economic data released in the last hour. It showed the US economy growing at the fastest pace in nearly two years, thanks to consumer spending, though apparently not on used cars.Fed Governor Stephen Myron spoke to Bloomberg ahead of that data on the next steps for the Fed. My view is not one of enormous economic pessimism. You know, I don't think the economy is about to crater. I don't think the labor mark ...

Costco Wholesale Corporation COST could offer insight at the health of consumer spending when the retailer reports fourth-quarter financial results Thursday after market close.Here are the earnings estimates, what analysts are saying ahead of the report, and key items to watch.Earnings Estimates: Analysts expect Costco to report fourth-quarter revenue of $86.11 billion. That’s up from $79.7 billion in last year's fourth quarter, according to data from Benzinga Pro.Costco has beaten analyst estimates for rev ...

Group 1: Federal Reserve Insights - Fed Chair Jerome Powell's upcoming speech is crucial for understanding the central bank's policy direction following recent rate decisions and market reactions [1][2] - Powell's comments will be analyzed for insights on economic conditions, inflation progress, and potential future rate adjustments [1][2] - The speech may address market dislocations or unintended consequences from recent policy decisions, impacting bond yields, the dollar, and equity sector rotation [1] Group 2: Market Recalibration and Valuations - Investors are recalibrating after the Fed's rate cut decision, focusing on the sustainability of recent market leadership amid concerning technical signals [2][3] - High-flying stocks like IonQ, Oklo, Baidu, and Alibaba have reached extreme valuations, raising concerns about potential corrections [3] - The shift from momentum to fundamentals could create downside pressure for these stocks, leading to broader market rotation into defensive sectors [3] Group 3: Semiconductor Sector Analysis - Micron's earnings report is anticipated to provide insights into memory chip demand across various applications, serving as a bellwether for the semiconductor cycle [4] - Key areas of focus include high-bandwidth memory demand from AI chip manufacturers, DRAM pricing trends, and inventory levels [4] - Micron's guidance on future demand and competition dynamics will be critical for assessing the sustainability of semiconductor investments [4] Group 4: Consumer Spending and Housing Market - Earnings from Costco and housing market data will shed light on consumer spending patterns and residential real estate trends post-Fed rate decision [5][6] - Costco's results will provide insights into membership trends and same-store sales growth, particularly during economic uncertainty [5] - New and existing home sales data will help evaluate the impact of recent rate cuts on housing activity and affordability challenges [5][6] Group 5: Economic Growth and Inflation Data - The Q2 GDP revision and Core PCE Price Index will influence Fed policy expectations and market sector rotation decisions [7] - The GDP revision will offer insights into economic momentum and consumer spending patterns that informed the Fed's recent policy [7] - The Core PCE reading will be scrutinized for evidence of disinflation progress or concerns about price stability, impacting bond yields and sector rotation [7]

Cardboard-box demand is slumping, flashing a potential warning about the health of the American consumer https://t.co/uJckCuRNIz ...