The Wall Street Journal
Karen Langley, Reporter, December 20, 2019
Jeanette Garretty shares her insights on what 2020 could hold for the economy.
In another positive economic report, U.S. household spending rose in November, a sign that a
key driver of the economy remained solid heading into the end of the year. The Commerce
Department said Friday that personal-consumption expenditures rose a seasonally adjusted
0.4%, while personal income increased 0.5%, a greater income gain than expected by
economists surveyed by The Wall Street Journal.
The new personal income numbers “are consistent with a consumer that is going to carry this
economy forward,” said Jeanette Garretty, principal and managing director at Robertson
Stephens Wealth Management. “I think the market is anticipating that we will go into 2020
with many fewer concerns and a continuation of economic growth.”
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