Tag: Baseball

Americans are spending again after lying low for a few months
Unemployment

Americans are spending again after lying low for a few months

Jeffry Baseball fans aren’t the only ones experiencing spring fever.
The evidence?
But it will be a sign the recent lull in consumer spending is about to end.
After all, consumer spending soared 4% in the final three months of 2017 to mark the biggest increase in three years.
The savings rate has risen to 3.4% from just 2.5% at the end of last year.
The Trump tax cuts have also boosted take-home pay while income-tax refunds are giving consumers a new stash of cash.
That’s a lot of extra cash for households to spend.
The March retail numbers will get an additional boost from strong auto sales and a late Easter that resulted in a burst of holiday spending in the last weekend of the month.
“After a blockbuster end to 2017, retail sales have started 2018 with a whimper and that likely won’t change much in March,” said economist Andrew Grantham of CIBC World Economics.
A slew of senior Fed officials are making the rounds this week to lay out their views on the economy and the future path of the Fed.