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:0.21
Wealthy Americans, including the upper middle class, are reducing their spending, potentially indicating weakness in the US economy. Sales at retailers catering to the affluent, such as Nordstrom and Apple, have declined, and foot traffic at shopping malls in higher-income areas is also down. Factors like high inflation and rising interest rates are contributing to the reduced spending. This trend may delay the need for Federal Reserve rate cuts. #USeconomy #consumer spending #wealthyAmericans #inflation #interestrates...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.21
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#3041f0f3 ver:0.21
Wealthy Americans, including the upper middle class, are reducing their spending, potentially indicating weakness in the US economy. Sales at retailers catering to the affluent, such as Nordstrom and Apple, have declined, and foot traffic at shopping malls in higher-income areas is also down. Factors like high inflation and rising interest rates are contributing to the reduced spending. This trend may delay the need for Federal Reserve rate cuts. #USeconomy #consumer spending #wealthyAmericans #inflation #interestrates...
#newstr #UsEconomy #FederalReserve #ConsumerSpending #Inflation #WealthEffect #OlderAmericans
https://here.news/story/3041f0f3?ver=0.21