Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-17T12:55:57+00:00
The US consumer has displayed remarkable resilience this year amid high gas and food prices. But that resilience may soon be put to the test, Goldman Sachs economists warned. The call:Sales among consumer-facing companies rose at a healthy pace in the second quarter, Goldman Sachs economist Jan Hatzius wrote in a new note. Powered by higher-than-planned tax refunds, second quarter sales at consumer companies rose 5.9% year over year among the median S&P 500 consumer discretionary company and 3.9% for the median consumer staples company. The strength in consumer spending was broad-based, with same-store sales — a key metric for retailers — accelerating for companies serving both lower- and higher-income consumers. "We expect sluggish consumer spending growth ahead," Hatzius wrote. "Although
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.