Wealthy Americans Sustain Consumer Spending Amid Economic Unease
TL;DR Summary
Consumers are feeling uneasy about the economy despite steady spending, complicating the Federal Reserve's decision on interest rates amid signs of a weakening labor market and income inequality, with potential rate cuts aimed at stabilizing growth but risking inflation.
- The economy is chugging along, but consumers are uneasy NBC News
- Top 10% of Earners Drive a Growing Share of US Consumer Spending Bloomberg.com
- Moody’s economist: US avoids recession if well-to-do ‘keep spending’ The Hill
- Wealthy consumers account for nearly half of all US consumer spending Baton Rouge Business Report
- Tuesday discussion post Slow Boring
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