Tag Archive for Consumer Spending

4 indicators signal that US economic growth is off to a weak start for the quarter – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Those hoping for the US economy to accelerate in the second half – and many economists made that call early in the year – will be disappointed. While employment metrics seem to show steady improvements, putting the Fed…

Americans face more bad news at the gas pump- Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As gasoline prices rise above $5/gallon in LA (see video below), analysts are puzzled. Gasoline prices have been on the rise for the past 31 days, which is highly unusual for this time of the year. Typically prices…

Fed Beige Book Gives No Excuse for Ben To Print

Here’s the bulk of the Fed’s press release with my comments and bolded sections. Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from early April to late May. Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts…