Joel naroff

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van Joel-naroff in de database.
It appears as if consumers have the money to continue spending at a very solid pace going forward,
The consumer is spending money, but not at any great pace. We still are looking at a sluggish fourth quarter for consumption.
Cold weather and a rebound in oil production helped power a strong gain in output.
This level of growth should lead to a further tightening of the labor market and that could power faster wage gains.
The sharp rise in input costs can only further pressure earnings in those sectors where there is limited pricing power, which is still most of the economy.