Will They Spend?

Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.

The market indices posted declines for the week. Casting a cloud over Americans’ future spending was another record high hit by oil prices and an indication of higher interest rates from the Federal Reserve as it lifted the key Fed Funds rate by a quarter point on Tuesday. Some big-ticket purchases are already slowing: The National Association of Realtors said sales of existing U.S. homes slipped by a much larger than expected 2.7 percent in August.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in