All eyes on the consumer ahead of Black Friday and the holidays | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

It's been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing market that is starting to cool off. That begs a question with the holidays right around the corner: Are shoppers finally tapped out?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. We’ll get a better sense of that this week. There is a LOT of data coming out in the next few days that will give important clues about the health of the economy. Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. Economists are forecasting a monthly jump of 0.9%.

With slowing growth, those numbers need to come down,” said Matt Quinlan, a portfolio manager at Franklin Templeton, on a recent webcast. Quinlan added that “some parts of the…consumer discretionary [sector] would be ones where earnings estimates need to be brought down a little bit more.” Housing slowdown in focus The Fed’s rate hikes may eventually slow broader consumer spending.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Advice for Joe Biden: Start redefining 'the great depression' now.

Blame yourselves partially for the lack of spending this Christmas as well as the economy now and the next 2 years. You should try to be fair and impartial when reporting the news instead of a dem spokesperson

Why is so Anti-American? BoycottCNN

LETS SAVE Justin

Judging by the crowd at Target yesterday and the fact they didn’t even have enough baskets for the shoppers, nope they are not.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The cities where sky-high wage growth is outpacing inflation - Silicon Valley Business JournalMany employees have received larger-than-normal raises in 2020, but it often hasn't been enough to keep pace with inflation. But there are some exceptions.
Fonte: svbizjournal - 🏆 334. / 59 Consulte Mais informação »