Wealthy Americans' Spending Habits Continue to Drive US Economy Despite Inflation Concerns on Nostr: Wealthy Americans Continue to Drive US Economy, Potentially Delaying Fed Rate Cuts ...
Wealthy Americans Continue to Drive US Economy, Potentially Delaying Fed Rate Cuts
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#3041f0f3 ver:0.2
Wealthy Americans, including the upper middle class, are reducing their spending, potentially indicating weakness in the US economy. Retailers catering to the affluent, such as Nordstrom and Lowe's, are experiencing declining sales. Factors like inflation, rising interest rates, and declining real incomes are contributing to this trend. The reduced spending by the wealthy may delay the need for Federal Reserve rate cuts. #USeconomy #wealthyAmericans #consumerSpending #FedRateCuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.2
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#3041f0f3 ver:0.2
Wealthy Americans, including the upper middle class, are reducing their spending, potentially indicating weakness in the US economy. Retailers catering to the affluent, such as Nordstrom and Lowe's, are experiencing declining sales. Factors like inflation, rising interest rates, and declining real incomes are contributing to this trend. The reduced spending by the wealthy may delay the need for Federal Reserve rate cuts. #USeconomy #wealthyAmericans #consumerSpending #FedRateCuts...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.2