U.S. Consumer Spending Tepid; Savings Near Three-Year High
– U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.
Auto Sales Dip, Hurting Overall Spending
The sales figures suggest slowing consumer spending that could temper expectations of a strong gain in fourth-quarter growth.
Senate Faces Flurry of Spending Bills and a Holiday Rush
With a month to go before Congress must finish its 12 spending bills or face another case of shutdown fever, the Senate returns on Monday to try and focus on legislation funding veterans and military construction programs in the days before Veterans Day.
The Week Ahead: Data on Spending, Trevor Noah Starts and Tesla Unveils an S.U.V.
This week, consumer spending and personal income for August will be reported, Trevor Noah will take over “The Daily Show,” and Tesla will unveil an S.U.V.
