With one in four American workers looking for employment or waiting to be recalled to work, there is little doubt that the weak spending environment will partially define the U.S. economic narrative and policy going forward. The Commerce Department’s report on Friday of a 10.5% increase in income, due to ... READ MORE >
consumer spending
Looking to 2020: Consumer is king amid slowing growth
The American economy will continue to slow toward a growth rate of 1.5% in 2020, below its long-term average of 1.8%, as sturdy consumer spending compensates for financial volatility and erratic trade policy. That consumption, though, increasingly depends on rising asset prices that help boost confidence, ... READ MORE >