RALEIGH, N.C. (WTVD) — The clock’s ticking on shopping and shipping days before Christmas, an important time for small businesses like the Flourish Market in Raleigh. Owner Emily Grey told ABC11, “We do about 50% of our sales mid-October through the end of December, believe it or not, as a clothing and gifts boutique.” Shopper … Read more
I’m Chris Anstey, a senior economics editor in Boston and today I’m looking at Katia Dmitrieva’s reporting on the US consumer. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more
The US economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government spending. Gross domestic product rose at an upwardly revised 5.2% annualized pace in the third quarter, the fastest in nearly two years. Consumer spending advanced at a less-robust 3.6% rate, according … Read more
There’s a lot of optionality left, both in the economy and in the interest rate outlook. The US economy is slowing, but by how much, we still don’t know. That means we have a period of volatility still in front of us for asset markets. Still, the risk-reward for US government bonds and mortgages looks … Read more