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US retail sales increase solidly in September 

By: zzstar in FFT4 | Recommend this post (4)
Thu, 17 Oct 24 3:43 PM | 26 view(s)
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“ "As we have long argued, consumer spending, net hiring, and payroll income have been locked in a resilient and self-reinforcing virtuous cycle throughout this expansion, supercharged by gains in household wealth and labor supply," said Jonathan Millar, senior U.S. economist at Barclays.

Growth estimates for the third quarter are around a 3.2% annualized rate. The economy grew at a 3.0% pace in the second quarter.“

http://www.reuters.com/markets/us/us-retail-sales-increase-solidly-september-2024-10-17/

Trump could only dream of such growth rates.




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