A Resilient US Consumer Could Complicate the Fed's Path Forward
July's retail sales report showed sales increased by nearly double what economists had expected, adding to a long list of data points.
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The US Consumer is Stronger Than Investors Think, Bank of America Says
The American consumer has surprised Wall Street throughout 2023, leading to unexpected levels of growth in the US economy.
US Bank Shares Drop After Moody’s Cuts Ratings, Warns on Risks
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders. It may downgrade major firms.
Morgan Stanley’s Wilson Says Fiscal Tightening a Risk for Stocks
Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable.
Believe it or not, Consumer Sentiment is Improving
Market rallied as we were reminded not to underestimate U.S. consumer. BEA reported personal consumption expenditures growth accelerated in June.
This Week in Bidenomics: The Most Elusive Recession Ever
Doomsayers have been predicting a recession for more than a year. They get wronger by the day.
Wall Street’s Biggest Bull Says His Inflation Call was the Main Reason He’s Been Proven Right This Year
Wall Street’s biggest bull says his inflation call was main reason he’s been proven right this year—but there’s also his faith in corporate America.
