Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: Wealthy Older Americans Continue to Drive US Economy, Potentially Delaying Fed Rate ...
Wealthy Older Americans Continue to Drive US Economy, Potentially Delaying Fed Rate Cuts
===============
#3041f0f3 ver:0.16
Wealthy older Americans are still driving the US economy, potentially delaying Fed rate cuts. Rising home and stock values have boosted their confidence to spend, contributing significantly to consumer spending and economic growth. However, declining sales among affluent shoppers indicate potential weakness in the economy. Factors like high inflation and rising interest rates are causing wealthier Americans to tighten their wallets. Monitoring consumer behavior during the holiday season will be crucial to gauge the severity of this trend. #USeconomy #wealthyAmericans #Fedratecuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #WealthEffect #Inflation #TravelIndustry
https://here.news/story/3041f0f3?ver=0.16
===============
#3041f0f3 ver:0.16
Wealthy older Americans are still driving the US economy, potentially delaying Fed rate cuts. Rising home and stock values have boosted their confidence to spend, contributing significantly to consumer spending and economic growth. However, declining sales among affluent shoppers indicate potential weakness in the economy. Factors like high inflation and rising interest rates are causing wealthier Americans to tighten their wallets. Monitoring consumer behavior during the holiday season will be crucial to gauge the severity of this trend. #USeconomy #wealthyAmericans #Fedratecuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #WealthEffect #Inflation #TravelIndustry
https://here.news/story/3041f0f3?ver=0.16