Semantics Relevance

U.S. Economy Grew 2.6% in Third Quarter, GDP Report Shows.Consumer ...


Logical Analysis Report (click to view);
Knowledge Map (click to view)
*Knowledge Map Navigation: Spatial co-ordinations are initially random, and will automatically re-arrange to minimize complexity based on distance between relationships. Mouse down and drag to pan. Right click on the strategic diagram toggles between motion and stationary. Hover over abstract node (orange) to view abstractions. Hover over leaf node to view corresponding narrative. Left click on the leaf node expands the narrative to view full text.

Knowledge Diagram Navigation:

Spatial co-ordinations are initially random, and will automatically re-arrange to minimize complexity based on distance between relationships. Mouse down and drag to pan. Right click on the strategic diagram toggles between motion and stationary. Hover over the leaf node to view corresponding narrative. Left click on the leaf node expands the narrative to view full text.

Narrative Analysis - Report

Key Focus

  • Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday. Consumer spending, the economy's main engine, cooled from July to September compared with the previous quarter
  • Some economists prefer to look at final sales to private domestic purchasers - a measure of consumer and business spending - rather than the total GDP number, as a gauge of underlying demand in the economy
  • No momentum supporting factor found

    Challenge supporting factors

  • (economy,spending,consumer)
  • (economy,spending,services)
  • (economy,spending,commerce_department)
  • (economy,demand,trade)
  • (economy,trade)
  • (economy,demand,sentiment)
  • (economy,demand,leaders)
  • (economy,demand,households)
  • (economy,consumer)
  • (spending,consumer,commerce_department)
  • (consumers,company,executive)
  • (consumers,earnings,executive)
  • (consumers,executive)
  • (consumers,company,earnings)
  • (consumers,company,mark_begor)
  • Work-in-progress supporting factors

  • (economy,stock)
  • (economy,economists,the_wall_street_journal)
  • (economy,the_wall_street_journal)
  • (economy,economists,stock)
  • (economy,economists,spending)
  • (economy,demand,private)
  • (economy,economists,private)
  • (spending,interest)
  • (economy,private)
  • (economy,spending,private)
  • (spending,consumer,private)
  • (spending,private)
  • (spending,economists)
  • (economy,economists,inflation-adjusted)
  • (economy,economists,inflation)

  • Time PeriodChallengeMomentumWIP
    Report25.99 0.00 74.01

    High Level Abstraction (HLA) combined

    High Level Abstraction (HLA)Report
    (1) (economy,spending,consumer)100.00
    (2) (economy,consumer)85.36
    (3) (economy,stock)70.08
    (4) (economy,economists,the_wall_street_journal)66.58
    (5) (economy,the_wall_street_journal)66.32
    (6) (economy,economists,stock)65.28
    (7) (economy,economists,spending)64.12
    (8) (economy,demand,private)63.21
    (9) (economy,economists,private)61.53
    (10) (spending,interest)61.14
    (11) (economy,private)60.75
    (12) (economy,spending,private)60.36
    (13) (spending,consumer,private)60.10
    (14) (spending,private)59.84
    (15) (spending,economists)59.84
    (16) (economy,economists,inflation-adjusted)59.20
    (17) (economy,economists,inflation)58.16
    (18) (economy,economists,housing)57.12
    (19) (consumers,company,executive)56.22
    (20) (economy,economists,gdp)56.09
    (21) (spending,consumer,gdp)54.79
    (22) (economy,economists,fed)54.53
    (23) (economy,economists,denting)53.37
    (24) (economy,economists,demand)52.07
    (25) (spending,consumer,demand)50.78
    (26) (economy,spending,services)49.74
    (27) (economy,spending,sentiment)49.48
    (28) (economy,demand,output)48.96
    (29) (economy,spending,output)47.93
    (30) (economy,spending,leaders)47.80
    (31) (consumers,company,earnings)47.80
    (32) (economy,spending,households)47.67
    (33) (economy,demand,gdp)47.54
    (34) (economy,gdp)45.98
    (35) (economy,spending,gdp)45.60
    (36) (spending,gdp)45.34
    (37) (economy,spending,demand)44.30
    (38) (spending,demand)43.91
    (39) (economy,spending,commerce_department)43.78
    (40) (economy,demand,trade)42.49
    (41) (economy,trade)42.23
    (42) (economy,demand,texas_instruments_inc)41.06
    (43) (economy,demand,sentiment)39.90
    (44) (economy,demand,quarterly)38.60
    (45) (economy,demand,leaders)37.69
    (46) (economy,demand,households)36.40
    (47) (economy,track)34.59
    (48) (economy,third-quarter)34.46
    (49) (economy,texas_instruments_inc)34.33
    (50) (consumer,summer)34.20
    (51) (spending,consumer,summer)34.07
    (52) (spending,summer)33.81
    (53) (consumer,slowdown)33.68
    (54) (spending,consumer,slowdown)33.29
    (55) (spending,slowdown)33.03
    (56) (consumer,services)32.90
    (57) (spending,consumer,services)32.51
    (58) (spending,services)32.25
    (59) (consumer,inflation)32.25
    (60) (consumer,interest)32.12
    (61) (spending,consumer,interest)31.74
    (62) (spending,consumer,inflation)30.96
    (63) (spending,inflation)30.70
    (64) (spending,consumer,economists)30.57
    (65) (spending,consumer,commerce_department)30.18
    (66) (consumers,spending,interest)29.92
    (67) (consumers,spending,retreat)29.40
    (68) (spending,retreat)29.15
    (69) (consumers,earnings,executive)25.78
    (70) (consumers,executive)25.13
    (71) (consumers,company,william_nash)19.30
    (72) (consumers,earnings,william_nash)18.39
    (73) (consumers,company,used-car)17.10
    (74) (consumers,earnings,used-car)16.19
    (75) (consumers,travel)15.54
    (76) (consumers,company,travel)14.90
    (77) (consumers,company,stimulus)13.34
    (78) (consumers,stimulus)12.69
    (79) (consumers,company,shooting)11.79
    (80) (consumers,company,services)10.49
    (81) (consumers,company,outdoor)9.20
    (82) (consumers,company,mark_begor)7.90
    (83) (consumers,used-car)7.64
    (84) (consumers,earnings,mark_begor)6.48
    (85) (consumers,company,growth)5.83
    (86) (consumers,labor)5.70
    (87) (consumers,earnings,growth)4.40
    (88) (consumers,spending,labor)3.50
    (89) (consumers,spending,economists)3.37
    (90) (consumers,spending,businesses)3.11
    (91) (consumers,economy)2.46
    (92) (consumers,earnings,equifax_inc)2.33
    (93) (consumers,earnings,credit-reporting)1.55
    (94) (consumers,workers)1.42
    (95) (consumers,william_nash)1.30
    (96) (consumers,staffing)1.04
    (97) (consumer,persisted)0.65
    (98) (consumer,performance)0.52
    (99) (consumer,four-decade)0.39
    (100) (consumer,federal_reserve)0.26

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    Supporting narratives:

    Please refer to knowledge diagram for a complete set of supporting narratives.

    • challenge - Back to HLA
      • Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday. Consumer spending, the economy's main engine, cooled from July to September compared with the previous quarter
      • High Level Abstractions:
        • (economy,spending,consumer)
        • (economy,spending,commerce_department)
        • Inferred entity relationships (1)
        • (consumer,economy) [inferred]

    • challenge - Back to HLA
      • Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday
      • High Level Abstractions:
        • (economy,spending,services)
        • Inferred entity relationships (1)
        • (services,spending) [inferred]

    • challenge - Back to HLA
      • Some economists prefer to look at final sales to private domestic purchasers - a subset of GDP that doesn't include the often-volatile categories of inventories and trade - rather than the total GDP number as a gauge of underlying demand in the economy.. . So far this year, sentiment surveys of households and business leaders have slumped more than many measures of actual output and spending
      • High Level Abstractions:
        • (economy,demand,trade)
        • (economy,trade)
        • (economy,demand,sentiment)
        • Inferred entity relationships (12)
        • (demand,economy,households) [inferred]
        • (demand,economy,spending) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (demand,economy,private) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (economy,trade) [inferred]
        • (demand,economy,leaders) [inferred]
        • (demand,economy,trade) [inferred]
        • (economy,sentiment,spending) [inferred]
        • (demand,economy,gdp) [inferred]
        • (demand,economy,output) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]

    • challenge - Back to HLA
      • Some economists prefer to look at final sales to private domestic purchasers - a subset of GDP that doesn't include the often-volatile categories of inventories and trade - rather than the total GDP number as a gauge of underlying demand in the economy.. . So far this year, sentiment surveys of households and business leaders have slumped more than many measures of actual output and spending.
      • High Level Abstractions:
        • (economy,demand,leaders)
        • (economy,demand,households)
        • Inferred entity relationships (12)
        • (demand,economy,households) [inferred]
        • (demand,economy,spending) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (demand,economy,private) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (economy,households,spending) [inferred]
        • (economy,leaders,spending) [inferred]
        • (demand,economy,leaders) [inferred]
        • (demand,economy,trade) [inferred]
        • (demand,economy,gdp) [inferred]
        • (demand,economy,output) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]

    • challenge - Back to HLA
      • Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday. Consumer spending, the economy's main engine, cooled from July to September compared with the previous quarter.
      • High Level Abstractions:
        • (economy,consumer)
        • Inferred entity relationships (1)
        • (consumer,economy,spending) [inferred]

    • challenge - Back to HLA
      • Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday.
      • High Level Abstractions:
        • (spending,consumer,commerce_department)
        • Inferred entity relationships (1)
        • (consumer,spending,summer) [inferred]

    • challenge - Back to HLA
      • "Wage growth is up, which is good for consumers, and that helps their balance sheet," said Mark Begor, chief executive of the credit-reporting company Equifax Inc on an earnings call this month.
      • High Level Abstractions:
        • (consumers,earnings,executive)
        • (consumers,earnings,equifax_inc)
        • (consumers,company,executive)
        • (consumers,executive)
        • (consumers,company,earnings)
        • (consumers,earnings,credit-reporting)
        • Inferred entity relationships (18)
        • (company,consumers,executive) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (consumers,earnings,william_nash) [inferred]
        • (consumers,earnings,executive) [inferred]
        • (consumers,earnings,used-car) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (consumers,earnings,equifax_inc) [inferred]
        • (company,consumers,travel) [inferred]
        • (company,consumers,mark_begor) [inferred]
        • (consumers,earnings,mark_begor) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,used-car) [inferred]
        • (consumers,earnings,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (consumers,executive) [inferred]
        • (company,consumers,stimulus) [inferred]

    • challenge - Back to HLA
      • "Wage growth is up, which is good for consumers, and that helps their balance sheet," said Mark Begor, chief executive of the credit-reporting company Equifax Inc on an earnings call this month
      • High Level Abstractions:
        • (consumers,earnings,growth)
        • (consumers,company,mark_begor)
        • (consumers,company,growth)
        • (consumers,earnings,mark_begor)
        • Inferred entity relationships (17)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (consumers,earnings,mark_begor) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,used-car) [inferred]
        • (consumers,earnings,growth) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (consumers,earnings,executive) [inferred]
        • (consumers,earnings,william_nash) [inferred]
        • (consumers,earnings,used-car) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (company,consumers,stimulus) [inferred]
        • (consumers,earnings,equifax_inc) [inferred]
        • (company,consumers,travel) [inferred]

    • challenge - Back to HLA
      • The trajectory of the economy largely depends on how consumers fare in the coming months. They are still benefiting from a tight labor market that is holding up stronger than many other parts of the economy as employers continue to seek workers in the midst of persistent staffing shortages
      • High Level Abstractions:
        • (consumers,labor)
        • Inferred entity relationships (1)
        • (consumers,labor,spending) [inferred]

    • challenge - Back to HLA
      • . The trajectory of the economy largely depends on how consumers fare in the coming months. They are still benefiting from a tight labor market that is holding up stronger than many other parts of the economy as employers continue to seek workers in the midst of persistent staffing shortages
      • High Level Abstractions:
        • (consumers,economy)

    • challenge - Back to HLA
      • They are still benefiting from a tight labor market that is holding up stronger than many other parts of the economy as employers continue to seek workers in the midst of persistent staffing shortages.
      • High Level Abstractions:
        • (consumers,workers)
        • (consumers,staffing)

    • challenge - Back to HLA
      • Consumer sentiment is hovering near historically low levels seen during the 2007-09 turmoil. But consumers have continued to help drive broader economic growth by spending more on travel, dining out and other activities they had dialed back on earlier in the pandemic.
      • High Level Abstractions:
        • (consumers,travel)

    • challenge - Back to HLA
      • Consumer sentiment is hovering near historically low levels seen during the 2007-09 turmoil. But consumers have continued to help drive broader economic growth by spending more on travel, dining out and other activities they had dialed back on earlier in the pandemic
      • High Level Abstractions:
        • (consumer,economic)

    • WIP - Back to HLA
      • . Economists surveyed by The Wall Street Journal estimated that the economy grew at an inflation-adjusted 2.3% annual rate in July through September
      • High Level Abstractions:
        • (economy,economists,the_wall_street_journal)
        • (economy,the_wall_street_journal)
        • Inferred entity relationships (9)
        • (economists,economy,private) [inferred]
        • (economists,economy,fed) [inferred]
        • (economy,the_wall_street_journal) [inferred]
        • (economists,economy,inflation-adjusted) [inferred]
        • (economists,economy,spending) [inferred]
        • (economists,economy,gdp) [inferred]
        • (economists,economy,inflation) [inferred]
        • (economists,economy,housing) [inferred]
        • (economists,economy,stock) [inferred]

    • WIP - Back to HLA
      • They expect the Fed's efforts to combat inflation will further weigh on the economy, after higher rates have already begun denting the housing market and stock prices.
      • High Level Abstractions:
        • (economy,economists,housing)
        • (economy,economists,stock)
        • (economy,economists,denting)
        • Inferred entity relationships (10)
        • (economists,economy,private) [inferred]
        • (economists,economy,inflation-adjusted) [inferred]
        • (economists,economy,inflation) [inferred]
        • (economists,economy,fed) [inferred]
        • (economists,economy,the_wall_street_journal) [inferred]
        • (economists,economy,spending) [inferred]
        • (economists,economy,gdp) [inferred]
        • (economists,economy,housing) [inferred]
        • (economy,stock) [inferred]
        • (economists,economy,stock) [inferred]

    • WIP - Back to HLA
      • Some economists prefer to look at final sales to private domestic purchasers - a measure of consumer and business spending - rather than the total GDP number, as a gauge of underlying demand in the economy.
      • High Level Abstractions:
        • (economy,economists,spending)
        • (spending,consumer,gdp)
        • (economy,economists,gdp)
        • (economy,economists,demand)
        • (spending,consumer,demand)
        • Inferred entity relationships (13)
        • (economists,economy,private) [inferred]
        • (economy,gdp,spending) [inferred]
        • (economists,economy,inflation-adjusted) [inferred]
        • (economists,economy,inflation) [inferred]
        • (economists,economy,fed) [inferred]
        • (economists,economy,the_wall_street_journal) [inferred]
        • (economists,economy,spending) [inferred]
        • (gdp,spending) [inferred]
        • (economists,economy,gdp) [inferred]
        • (demand,spending) [inferred]
        • (economists,economy,housing) [inferred]
        • (economy,gdp) [inferred]
        • (economists,economy,stock) [inferred]

    • WIP - Back to HLA
      • Some economists prefer to look at final sales to private domestic purchasers - a measure of consumer and business spending - rather than the total GDP number, as a gauge of underlying demand in the economy
      • High Level Abstractions:
        • (economy,economists,private)
        • (economy,spending,private)
        • (spending,consumer,private)
        • (spending,economists)
        • (economy,spending,consumer)
        • (economy,private)
        • (spending,consumer,economists)
        • (economy,demand,private)
        • (spending,private)
        • (economy,consumer)
        • Inferred entity relationships (23)
        • (demand,economy,spending) [inferred]
        • (economists,spending) [inferred]
        • (consumer,economy,spending) [inferred]
        • (economists,economy,inflation-adjusted) [inferred]
        • (economists,economy,inflation) [inferred]
        • (consumer,economy) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (private,spending) [inferred]
        • (economists,economy,spending) [inferred]
        • (economists,economy,housing) [inferred]
        • (economists,economy,stock) [inferred]
        • (demand,economy,output) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]
        • (demand,economy,households) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (economy,private,spending) [inferred]
        • (economists,economy,fed) [inferred]
        • (economists,economy,the_wall_street_journal) [inferred]
        • (demand,economy,leaders) [inferred]
        • (economists,economy,gdp) [inferred]
        • (demand,economy,trade) [inferred]
        • (economy,private) [inferred]
        • (demand,economy,gdp) [inferred]

    • WIP - Back to HLA
      • . Economists surveyed by The Wall Street Journal estimated that the economy grew at an inflation-adjusted 2.3% annual rate in July through September.
      • High Level Abstractions:
        • (economy,economists,inflation-adjusted)
        • Inferred entity relationships (8)
        • (economists,economy,private) [inferred]
        • (economists,economy,fed) [inferred]
        • (economists,economy,the_wall_street_journal) [inferred]
        • (economists,economy,spending) [inferred]
        • (economists,economy,gdp) [inferred]
        • (economists,economy,inflation) [inferred]
        • (economists,economy,housing) [inferred]
        • (economists,economy,stock) [inferred]

    • WIP - Back to HLA
      • Many economists are worried about the possibility of a recession in the coming 12 months. They expect the Fed's efforts to combat inflation will further weigh on the economy, after higher rates have already begun denting the housing market and stock prices
      • High Level Abstractions:
        • (economy,economists,inflation)
        • (economy,economists,fed)
        • Inferred entity relationships (9)
        • (economists,economy,private) [inferred]
        • (economists,economy,fed) [inferred]
        • (economists,economy,the_wall_street_journal) [inferred]
        • (economists,economy,inflation-adjusted) [inferred]
        • (economists,economy,spending) [inferred]
        • (economists,economy,gdp) [inferred]
        • (economists,economy,inflation) [inferred]
        • (economists,economy,housing) [inferred]
        • (economists,economy,stock) [inferred]

    • WIP - Back to HLA
      • So far this year, sentiment surveys of households and business leaders have slumped more than many measures of actual output and spending
      • High Level Abstractions:
        • (economy,spending,sentiment)

    • WIP - Back to HLA
      • So far this year, sentiment surveys of households and business leaders have slumped more than many measures of actual output and spending.
      • High Level Abstractions:
        • (economy,spending,output)
        • (economy,spending,leaders)
        • (economy,demand,output)
        • (economy,spending,households)
        • Inferred entity relationships (10)
        • (demand,economy,households) [inferred]
        • (demand,economy,spending) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (demand,economy,private) [inferred]
        • (economy,output,spending) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (demand,economy,leaders) [inferred]
        • (demand,economy,trade) [inferred]
        • (demand,economy,gdp) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]

    • WIP - Back to HLA
      • Some economists prefer to look at final sales to private domestic purchasers - a measure of consumer and business spending - rather than the total GDP number, as a gauge of underlying demand in the economy. That measure inched up 0.1% in the third quarter after it rose at 0.5% rate in the second quarter and a 2.1% annual rate in the first quarter
      • High Level Abstractions:
        • (economy,spending,demand)
        • (economy,demand,gdp)
        • (spending,gdp)
        • (spending,demand)
        • (economy,gdp)
        • (economy,spending,gdp)
        • Inferred entity relationships (13)
        • (demand,economy,households) [inferred]
        • (demand,economy,spending) [inferred]
        • (economy,gdp,spending) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (demand,economy,private) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (demand,economy,leaders) [inferred]
        • (gdp,spending) [inferred]
        • (demand,economy,trade) [inferred]
        • (economy,gdp) [inferred]
        • (demand,economy,output) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]
        • (demand,economy,gdp) [inferred]

    • WIP - Back to HLA
      • on Tuesday reported its worst quarterly earnings in more than two years, and Texas Instruments Inc said it was seeing flagging demand in personal electronics and from some other industrial buyers
      • High Level Abstractions:
        • (economy,demand,texas_instruments_inc)
        • (economy,demand,quarterly)
        • Inferred entity relationships (11)
        • (demand,economy,households) [inferred]
        • (demand,economy,spending) [inferred]
        • (demand,economy,quarterly) [inferred]
        • (demand,economy,private) [inferred]
        • (economy,texas_instruments_inc) [inferred]
        • (demand,economy,sentiment) [inferred]
        • (demand,economy,leaders) [inferred]
        • (demand,economy,trade) [inferred]
        • (demand,economy,gdp) [inferred]
        • (demand,economy,output) [inferred]
        • (demand,economy,texas_instruments_inc) [inferred]

    • WIP - Back to HLA
      • They expect the Fed's efforts to combat inflation will further weigh on the economy, after higher rates have already begun denting the housing market and stock prices. Home sales posted their longest streak of declines in 15 years.
      • High Level Abstractions:
        • (economy,stock)

    • WIP - Back to HLA
      • Technology companies that saw their sales and stock prices rise earlier in the pandemic are feeling the effects of a slowing economy. on Tuesday reported its worst quarterly earnings in more than two years, and Texas Instruments Inc said it was seeing flagging demand in personal electronics and from some other industrial buyers
      • High Level Abstractions:
        • (economy,stock)
        • (economy,texas_instruments_inc)

    • WIP - Back to HLA
      • Stocks fell and were on track for their worst year since the 2008 financial crisis.. . So far, though, key segments of the economy have remained resilient
      • High Level Abstractions:
        • (economy,track)

    • WIP - Back to HLA
      • Economists surveyed by The Wall Street Journal estimated that the economy grew at an inflation-adjusted 2.3% annual rate in July through September. They warn that third-quarter growth might appear as a bounceback after the economy contracted in the first half of the year
      • High Level Abstractions:
        • (economy,third-quarter)

    • WIP - Back to HLA
      • economy grew at a 2.6% annual rate in the third quarter despite a slowdown in consumer spending during the summer amid high inflation and rising interest rates.. . Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday
      • High Level Abstractions:
        • (spending,consumer,interest)
        • (spending,consumer,summer)
        • (spending,summer)
        • (consumer,services)
        • (spending,interest)
        • (spending,consumer,services)
        • (consumer,interest)
        • (consumer,summer)
        • (spending,inflation)
        • (spending,consumer,inflation)
        • (spending,services)
        • (consumer,inflation)
        • Inferred entity relationships (10)
        • (consumer,interest) [inferred]
        • (consumer,services) [inferred]
        • (consumer,inflation) [inferred]
        • (inflation,spending) [inferred]
        • (consumer,interest,spending) [inferred]
        • (consumer,inflation,spending) [inferred]
        • (spending,summer) [inferred]
        • (services,spending) [inferred]
        • (consumer,services,spending) [inferred]
        • (interest,spending) [inferred]

    • WIP - Back to HLA
      • 27, 2022 8:57 am ET.. . The U.S. economy grew at a 2.6% annual rate in the third quarter despite a slowdown in consumer spending during the summer amid high inflation and rising interest rates.. . Gross domestic product - the broadest measure of goods and services produced across the nation - increased after declining in the first half of the year, the Commerce Department said Thursday
      • High Level Abstractions:
        • (spending,consumer,slowdown)
        • (spending,slowdown)
        • (consumer,slowdown)
        • Inferred entity relationships (3)
        • (slowdown,spending) [inferred]
        • (consumer,slowdown,spending) [inferred]
        • (consumer,slowdown) [inferred]

    • WIP - Back to HLA
      • Still, spending gains have moderated this year, and many economists expect consumers, as well as businesses, will retreat more as rising interest rates take effect.
      • High Level Abstractions:
        • (consumers,spending,interest)
        • (consumers,spending,retreat)
        • (spending,interest)
        • (spending,retreat)
        • Inferred entity relationships (2)
        • (retreat,spending) [inferred]
        • (interest,spending) [inferred]

    • WIP - Back to HLA
      • Chief Executive Brian Moynihan in October on an earnings call.. . Still, spending gains have moderated this year, and many economists expect consumers, as well as businesses, will retreat more as rising interest rates take effect
      • High Level Abstractions:
        • (spending,economists)

    • WIP - Back to HLA
      • "This quarter reflects widespread pressure the used-car industry is facing," said William Nash, the company's chief executive, on an earnings call.
      • High Level Abstractions:
        • (consumers,company,executive)
        • (consumers,company,william_nash)
        • (consumers,earnings,william_nash)
        • (consumers,company,earnings)
        • Inferred entity relationships (19)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (consumers,earnings,mark_begor) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,used-car) [inferred]
        • (consumers,william_nash) [inferred]
        • (consumers,earnings,growth) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (consumers,earnings,executive) [inferred]
        • (consumers,earnings,william_nash) [inferred]
        • (consumers,earnings,used-car) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (consumers,executive) [inferred]
        • (company,consumers,stimulus) [inferred]
        • (consumers,earnings,equifax_inc) [inferred]
        • (company,consumers,travel) [inferred]

    • WIP - Back to HLA
      • "This quarter reflects widespread pressure the used-car industry is facing," said William Nash, the company's chief executive, on an earnings call
      • High Level Abstractions:
        • (consumers,earnings,used-car)
        • (consumers,company,used-car)
        • Inferred entity relationships (16)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (consumers,earnings,mark_begor) [inferred]
        • (company,consumers,shooting) [inferred]
        • (consumers,used-car) [inferred]
        • (consumers,earnings,growth) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (consumers,earnings,executive) [inferred]
        • (consumers,earnings,william_nash) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (company,consumers,stimulus) [inferred]
        • (consumers,earnings,equifax_inc) [inferred]
        • (company,consumers,travel) [inferred]

    • WIP - Back to HLA
      • Many of the factors that spurred a sales surge in 2020 and 2021 - such as consumers'extra cash from government stimulus, their time at home to go out in the woods and their lack of ability to spend money on services including travel - have since faded, he said.
      • High Level Abstractions:
        • (consumers,company,travel)
        • (consumers,travel)
        • (consumers,company,services)
        • Inferred entity relationships (12)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,used-car) [inferred]
        • (consumers,travel) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (company,consumers,stimulus) [inferred]
        • (company,consumers,travel) [inferred]

    • WIP - Back to HLA
      • Many of the factors that spurred a sales surge in 2020 and 2021 - such as consumers'extra cash from government stimulus, their time at home to go out in the woods and their lack of ability to spend money on services including travel - have since faded, he said
      • High Level Abstractions:
        • (consumers,company,stimulus)
        • (consumers,stimulus)
        • Inferred entity relationships (11)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,used-car) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (consumers,stimulus) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (company,consumers,travel) [inferred]

    • WIP - Back to HLA
      • Sales are down about 25% so far this year from the same period in 2021 at Altus Brands LLC, said Gary Lemanski, owner of the Grawn, Mich.-based company that manufactures and sells accessories for hunting, shooting and outdoor recreation.. . Many of the factors that spurred a sales surge in 2020 and 2021 - such as consumers'extra cash from government stimulus, their time at home to go out in the woods and their lack of ability to spend money on services including travel - have since faded, he said
      • High Level Abstractions:
        • (consumers,company,shooting)
        • (consumers,company,outdoor)
        • Inferred entity relationships (11)
        • (company,consumers,mark_begor) [inferred]
        • (company,consumers,executive) [inferred]
        • (company,consumers,used-car) [inferred]
        • (company,consumers,shooting) [inferred]
        • (company,consumers,growth) [inferred]
        • (company,consumers,earnings) [inferred]
        • (company,consumers,outdoor) [inferred]
        • (company,consumers,services) [inferred]
        • (company,consumers,william_nash) [inferred]
        • (company,consumers,stimulus) [inferred]
        • (company,consumers,travel) [inferred]

    • WIP - Back to HLA
      • CarMax, a used-car retailer, saw its profit drop by more than 50% in its most recent quarter as tough economic conditions weighed on consumers.
      • High Level Abstractions:
        • (consumers,used-car)

    • WIP - Back to HLA
      • . "This quarter reflects widespread pressure the used-car industry is facing," said William Nash, the company's chief executive, on an earnings call
      • High Level Abstractions:
        • (consumers,used-car)

    • WIP - Back to HLA
      • In addition, if the labor market takes a downward turn, consumers might rein in their spending.
      • High Level Abstractions:
        • (consumers,spending,labor)
        • Inferred entity relationships (1)
        • (consumers,labor) [inferred]

    • WIP - Back to HLA
      • . Still, spending gains have moderated this year, and many economists expect consumers, as well as businesses, will retreat more as rising interest rates take effect
      • High Level Abstractions:
        • (consumers,spending,economists)
        • Inferred entity relationships (1)
        • (economists,spending) [inferred]

    • WIP - Back to HLA
      • . Still, spending gains have moderated this year, and many economists expect consumers, as well as businesses, will retreat more as rising interest rates take effect.
      • High Level Abstractions:
        • (consumers,spending,businesses)

    • WIP - Back to HLA
      • Still, spending gains have moderated this year, and many economists expect consumers, as well as businesses, will retreat more as rising interest rates take effect. In addition, if the labor market takes a downward turn, consumers might rein in their spending.
      • High Level Abstractions:
        • (consumers,labor)
        • Inferred entity relationships (1)
        • (consumers,labor,spending) [inferred]

    • WIP - Back to HLA
      • CarMax, a used-car retailer, saw its profit drop by more than 50% in its most recent quarter as tough economic conditions weighed on consumers.. . "This quarter reflects widespread pressure the used-car industry is facing," said William Nash, the company's chief executive, on an earnings call.
      • High Level Abstractions:
        • (consumers,william_nash)

    • WIP - Back to HLA
      • Consumer spending, the economy's main engine, cooled from July to September compared with the previous quarter.. . The third quarter included mixed signals on the economy's performance. Consumer inflation remained close to a four-decade high as broad price pressures persisted. The Federal Reserve continued rapidly raising interest rates in an effort to slow economic activity enough to lower inflation
      • High Level Abstractions:
        • (consumer,inflation)
        • Inferred entity relationships (1)
        • (consumer,inflation,spending) [inferred]

    • WIP - Back to HLA
      • The third quarter included mixed signals on the economy's performance. Consumer inflation remained close to a four-decade high as broad price pressures persisted. The Federal Reserve continued rapidly raising interest rates in an effort to slow economic activity enough to lower inflation
      • High Level Abstractions:
        • (consumer,federal_reserve)
        • (consumer,persisted)
        • (consumer,four-decade)

    • WIP - Back to HLA
      • Consumer spending, the economy's main engine, cooled from July to September compared with the previous quarter.. . The third quarter included mixed signals on the economy's performance. Consumer inflation remained close to a four-decade high as broad price pressures persisted
      • High Level Abstractions:
        • (consumer,performance)