Tag: Consumer Confidence (Economic Indicator)

Companies Cut Back, but Consumers Party On, Driving the Economy

“YOLO,” Danielle Walker said, explaining why she had just spent a chunk of her biweekly $900 paycheck on an adorable outfit — quilted navy vest, cranberry plaid riding pants and knit sweater — from the “equestrian shop” at Janie and Jack, the children’s clothing store in the Mall of America where she works. “You only […]

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Why the Economy Might Not Sway 2020 Voters

Americans’ views of the economy have become so hardened along partisan lines that the economy may matter less in next year’s presidential election than in the past. Both major political parties have emphasized the economy in the early stages of the campaign. Republicans hope that a rock-bottom unemployment rate and rising wages will cause voters […]

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Will America Talk Itself Into a Recession? Trump’s Advisers Are Worried

President Trump’s economic advisers do not see a recession on the horizon, but they worry that gloomy news reports and a drumbeat of recession warnings could turn fear of one into reality. In an interview on Thursday, the acting chairman of Mr. Trump’s Council of Economic Advisers, Tomas Philipson, said that reporters who have fixated […]

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A Recession Is Coming (Eventually). Here’s Where You’ll See It First.

Last week’s report on second-quarter gross domestic product showed that the economy slowed last spring. It also came exactly 10 years since the Great Recession ended, making this officially the longest expansion in American history. (Well, probably. More on that in a second.) So perhaps it’s no surprise that forecasters, investors and ordinary people are […]

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Consumers Are Spending. Businesses Aren’t. Who’s Right About the Future?

One of the hard things about projecting how the economy will evolve in the coming months is that two different sides of it are sending completely opposite signals. American consumers keep buying stuff, driving solid growth through the first half of the year. On Friday, the Commerce Department reported that consumption spending rose a healthy […]

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