Economic Report: U.S. GDP in fourth quarter trimmed again to 2.6% on weaker consumer spending
The growth rate of the U.S. economy at the end of 2022 was reduced again to 2.6%, reflecting weaker consumer spending.
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Mohawk Industries’ product mix has been hit by consumers trading down and by new construction outpacing higher-value remodeling.
Strategies including small caps, gold, AI and nuclear energy come into play.
Deckers Outdoor also guided for a 12% sales increase for fiscal 2025.