Taylor Swift, Beyonce, Barbie, Oppenheimer Getty ImagesConsumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the third quarter, helped in part by stadium tours from music superstars Taylor Swift and Beyoncé, as well as summer movie blockbusters "Barbie" and "Oppenheimer," according to Morgan Stanley. Taken together, Morgan Stanley economist Sarah Wolfe said the "unprecedented" revenues tied to these events should add a seventh of one percentage point to consumption growth in the quarter. Simultaneously, Wolfe said the return of student loan payments this fall should pull consumption down another by another eighth of a percentage point. "In 4Q, these factors not only unwind, but the October expiration of the student loan moratorium further weighs on consumption."

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Persons: Taylor Swift, Beyonce, Barbie, Oppenheimer, Morgan Stanley, Sarah Wolfe, Wolfe Organizations: Oppenheimer Getty, PCE Locations: U.S