Posted on January 4, 2019 In Market Updates

Market Update: January 2019
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA

Strong Consumer Spending Reflects Confidence
Consumer spending rose strongly in November, led by durable goods such as trucks and appliances. Consumer outlays are on pace for the best quarter of growth in four years. Growth in spending has been trending above income in 2018. This has resulted in the personal savings rate falling to 6.0%, the lowest monthly rate since March 2013.

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