Tag Archives: consumer spending

Financial Daily Dose 7.17.2020 | Top Story: Consumer Spending Up in June

BY: Juvian Hernandez | July 17, 2020

Consumer spending at stores and auto dealerships increased in June, the second straight month, but the recent uptick in coronavirus cases could slow future growth. – WSJ and NYTimes Big banks state that economic uncertainty will likely continue until a vaccine is developed for coronavirus. – Bloomberg Market Snapshot: S&P 500 Index increased 0.2% to 3,333.30 as of … Continue reading

Financial Daily Dose 6.17.2020 | Top Story: Consumer Spending Surged 17.7% in May, but Economists Warn of Yearslong Recovery Ahead

BY: Michael D. Reif | June 17, 2020

May saw a huge jump in consumer activity to the tune of +17.7%, as Americans unleashed their pent-up demand. It was welcome news for markets and beyond, but “the underlying data presents a more complicated picture and shows just how arduous an economic recovery from the coronavirus pandemic will be” – NYTimes and WSJ and … Continue reading