US economy slowed more than expected

[Guno צְבִי]

The slowdown at the end of last year stemmed in part from a decline in the pace of consumer spending, the U.S. Commerce Department said.

The GDP report marks the latest distress signal for U.S. shoppers, who account for about two-thirds of the nation's economic activity.

Retail sales data last week showed flat performance in December, suggesting possible weakness for shoppers during the holiday season. Meanwhile, credit card debt levels have climbed and consumer sentiment has remained glum.

https://news.yahoo.com/finance/news/us-economy-expected-slowed-end-100239813.html

 

[CBHype]

Start spending some of that money you're hording. Where's your patriotism?

 

[archives]

The slowdown at the end of last year stemmed in part from a decline in the pace of consumer spending, the U.S. Commerce Department said.

The GDP report marks the latest distress signal for U.S. shoppers, who account for about two-thirds of the nation's economic activity.

Retail sales data last week showed flat performance in December, suggesting possible weakness for shoppers during the holiday season. Meanwhile, credit card debt levels have climbed and consumer sentiment has remained glum.

https://news.yahoo.com/finance/news/us-economy-expected-slowed-end-100239813.html

Come on, it’s “the best in history”