US Consumer Confidence Rises, GDP Growth Cools, Construction Spending Falls, and Consumer Spending Rebounds on Nostr: Consumer Spending Remains Resilient Despite Smaller Job and Wage Gains ...
Consumer Spending Remains Resilient Despite Smaller Job and Wage Gains
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#fdaae6e6 ver:0.23
Despite smaller job and wage gains, consumer spending remains resilient, supporting the underlying momentum of the US economy. Inflation is moderating, and increased immigration has helped limit wage-driven price hikes. However, recent data suggests a potential slowdown in consumer spending, with retail sales weakening and customers closing their wallets. The Federal Reserve predicts high interest rates may persist, potentially delaying expected growth. Despite these challenges, the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. #ConsumerSpending #EconomicGrowth #Inflation #Immigration #RetailSales...
#newstr #ConsumerSpending #EconomicGrowth #Inflation #FederalReserve #RetailSales #Immigration #Advertising #ConsumerSavings
https://here.news/story/fdaae6e6?ver=0.23
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#fdaae6e6 ver:0.23
Despite smaller job and wage gains, consumer spending remains resilient, supporting the underlying momentum of the US economy. Inflation is moderating, and increased immigration has helped limit wage-driven price hikes. However, recent data suggests a potential slowdown in consumer spending, with retail sales weakening and customers closing their wallets. The Federal Reserve predicts high interest rates may persist, potentially delaying expected growth. Despite these challenges, the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. #ConsumerSpending #EconomicGrowth #Inflation #Immigration #RetailSales...
#newstr #ConsumerSpending #EconomicGrowth #Inflation #FederalReserve #RetailSales #Immigration #Advertising #ConsumerSavings
https://here.news/story/fdaae6e6?ver=0.23