The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Lower gas prices seen fueling U.S. consumer spending in fourth quarter

The U.S. economy likely grew at a brisk clip in the fourth quarter as lower gasoline prices buoyed consumer spending, in a show of resilience despite a darkening global outlook. “The consumer did the heavy lifting and I don’t think there is any reason to expect that to change in the first half of this year because of the enormous tailwind from lower gasoline prices,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania. Consumer spending, which accounts for more than two-thirds of U.S.

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