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Although they are now strong, their pace of growth is expected to slow markedly in the quarters ahead.
"This is unsustainable, and we expect consumption growth to slow markedly in the fourth quarter," said Paul Asworth, international economist at Capital Economics.
But the Fed's rate increases have in the past caused growth to slow markedly, and even tipped the economy into recession.
Car sales are particularly sensitive to interest rates.Given this pause in retail sales, Wall Street analysts expect overall consumption growth to slow markedly.
In early 2010, and again early last year, the economy looked as if it might be starting to grow under its own power, only to slow markedly in the months that followed.
But employment growth is expected to slow markedly in the future, since we are unlikely to repeat events like the baby boom and the dramatic entry of women into the work force.
Similar(51)
"The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures," the central bank said.
"The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures," the Fed said Wednesday.
With multinationals still racing to build factories in China, economists say the country's growth in exports and investment may not slow markedly.
Communications would slow markedly, with lags of more than 40 minutes, he said.
The UK Offshore Operators Association (UKOOA), a trade body, thinks that the rate of decline will slow markedly next year.
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