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
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#3041f0f3 ver:0.17
Wealthy older Americans are driving the US economy, potentially delaying Fed rate cuts. While retailers catering to the upper middle class are experiencing a decline in sales, affluent Americans are still spending, contributing to consumer spending and economic growth. Rising home and stock values have given older Americans confidence to increase their spending, creating a 'wealth effect'. This surge in spending is contributing to elevated inflation, particularly in sectors like travel and entertainment, and has forced a shift in the Federal Reserve's plans to cut rates. The sustained boost from affluent Americans is likely delaying the need for rate cuts. #USeconomy #wealthyAmericans #Fedratecuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.17
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#3041f0f3 ver:0.17
Wealthy older Americans are driving the US economy, potentially delaying Fed rate cuts. While retailers catering to the upper middle class are experiencing a decline in sales, affluent Americans are still spending, contributing to consumer spending and economic growth. Rising home and stock values have given older Americans confidence to increase their spending, creating a 'wealth effect'. This surge in spending is contributing to elevated inflation, particularly in sectors like travel and entertainment, and has forced a shift in the Federal Reserve's plans to cut rates. The sustained boost from affluent Americans is likely delaying the need for rate cuts. #USeconomy #wealthyAmericans #Fedratecuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.17