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Strong U.S. Consumer, Business Spending Bolster Fourth Quarter Growth Picture Trump’s first Christmas season is booming Reuters – December 22, 2017

Strong U.S. Consumer, Business Spending Bolster Fourth Quarter Growth Picture
Trump’s first Christmas season is booming
Reuters – December 22, 2017

U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, the latest signs of strong momentum in the economy as the year winds down.

But the bullish growth picture was dimmed somewhat as the reports on Friday also showed household savings dropped last month to their lowest level in more than nine years.

Low savings could hurt consumer spending, though economists are optimistic wage growth will pick up next year.

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https://www.reuters.com/article/us-usa-economy/strong-u-s-consumer-business-spending-bolster-fourth-quarter-growth-picture-idUSKBN1EG1J2

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