This Week: Consumer confidence, 3Q GDP, Fed minutes

FAN Editor

A look at some of the key business events and economic indicators upcoming this week:


Continue Reading Below

U.S. consumers have been feeling increasingly confident this year about the economy.

The Conference Board’s index of consumer confidence climbed to 137.9 in October, the highest reading since September 2000. Consumers’ spirits have been lifted by a strong labor market that has helped reduce U.S. unemployment to a five-decade low of 3.7 percent. The consumer confidence index for November is due out Tuesday.

Consumer confidence, by month:

June 127.1

July 127.9

Aug. 134.7

Sept. 135.3

Oct. 137.9

Nov. (est.) 136.9

Source: FactSet


Economists project that the U.S. economy grew at a slower rate in the third quarter.

They expect the Commerce Department will report Wednesday that America’s gross domestic product, the broadest measure of the economy, grew at a seasonally adjusted annual rate of 3.5 percent in the July-September period. That would be down from the 4.2 percent GDP growth recorded in the second quarter.

GDP, seasonally adjusted annual rate, by quarter:

Q2 2017: 3.0

Q3 2017: 2.8

Q4 2017: 2.3

Q1 2018: 2.2

Q2 2018: 4.2

Q3 2018 (est.): 3.5

Source: FactSet


The Federal Reserve issues on Thursday the minutes of a two-day meeting of its policymakers last month.

At the meeting, the panel left the central bank’s key interest rate unchanged, but signaled that it planned to keep responding to the strong U.S. economy with more rate hikes as it seeks to control inflation. The Fed is expected next month to raise interest rates for the fourth time this year.

Free America Network Articles

Leave a Reply

Next Post

Trump is right, jobs for black Americans abound. Here’s why it may not last

FILE PHOTO: FedEx employees Adrian Steele (L) and Aurra Wilks help sort packages in the company’s small package sorting system at the Memphis World Hub in Memphis, Tennessee, U.S., December 15, 2009. REUTERS/Lance Murphey/File Photo November 26, 2018 By Howard Schneider MEMPHIS(Reuters) – Ask Memphis residents and they might say […]