Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: Affluent Americans Drive US Economy, Delaying Fed Rate Cuts =============== #3041f0f3 ...
Affluent Americans Drive US Economy, Delaying Fed Rate Cuts
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#3041f0f3 ver:0.26
Wealthy Americans are scaling back their spending, potentially indicating the end of the post-COVID spending boom. Factors like inflation, rising interest rates, and cooling wage growth are causing affluent consumers to tighten their wallets. This decline in spending is impacting retailers and other sectors of the economy, potentially signaling a broader economic slowdown. However, the spending habits of affluent Americans are also driving the U.S. economy and delaying the need for Federal Reserve rate cuts. Their strong spending on luxury goods and services is providing a boost to the economy, reducing the urgency for rate cuts. #economy #consumer spending #affluentAmericans #FederalReserve...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.26
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#3041f0f3 ver:0.26
Wealthy Americans are scaling back their spending, potentially indicating the end of the post-COVID spending boom. Factors like inflation, rising interest rates, and cooling wage growth are causing affluent consumers to tighten their wallets. This decline in spending is impacting retailers and other sectors of the economy, potentially signaling a broader economic slowdown. However, the spending habits of affluent Americans are also driving the U.S. economy and delaying the need for Federal Reserve rate cuts. Their strong spending on luxury goods and services is providing a boost to the economy, reducing the urgency for rate cuts. #economy #consumer spending #affluentAmericans #FederalReserve...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.26