Bigger Speakers, Bigger Venue…Bigger Apple?
Increasing employment and income data suggest that retail sales could accelerate even more from here.
A skills mismatch and lack of labor mobility could trouble the employment market.
Shopping center data hit new highs, auto sales broke all expectations in June despite strong headwinds, and pending home sales made one of their biggest jumps in the recovery.
But the economy is not all roses, either.
The report for December indicates that the economy is neither falling apart nor accelerating in any meaningful way, says Morningstar's Bob Johnson.
Amid shifting consensus estimates, my moderately bullish U.S. GDP growth outlook remains relatively unchanged, writes Morningstar's Bob Johnson.
Last week's GDP revisions gave everyone a chance to revisit where the economy is and where has it been.
Some economists believe that recent, noisy data indicate a recession for the U.S. economy, but Morningstar' Bob Johnson says, not so fast.
Recent lackluster spending data suggest the consumer is not as strong as some may believe, says Morningstar's Bob Johnson.