Marketmind: Accelerating US Economy Sideswipes Markets
Far from the recession forecasts of earlier this year, U.S. economic growth may actually be accelerating in the second half of 2023.
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The Pre-Pandemic Economy May Never Come Back: Morning Brief
US economic story of the year was hammered home again on with the July retail sales report showing consumer spending remains surprisingly resilient.
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.
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.
