For some time now, I have been expecting a slowdown in consumer spending growth: headwinds have been strengthening, inflation has been ticking up and changes in the external environment should have dented consumer confidence. 726 more words
Tags » Consumer Spending
To no surprise to anyone on the Street, Janet Yellen raised rates Wednesday by 0.25% to a range between 0.75% to 1.0%.
I will not address the two or perhaps three more rate hikes for this year that Yellen spoke of since we do not deal with fantasies here. 433 more words
(7 March 2017, The Age, BusinessDay, p19, Fairfax and Reuters)
‘Retail sales rebounded in January after two months of tepid outcomes, although the underlying pulse was one of sluggish household consumption as record-low wages growth eats into spending power. 38 more words
The Canadian economy grew by a whopping 2.6 per cent during the last three months of 2016 — or did it?
The figure, released by Statistics Canada this morning, initially sent the Canadian dollar rallying before investors realized that, well, things aren’t as good as they look. 430 more words