Consumer Spending Remains Strong Despite High Inflation Recession Fears

Consumer Spending Remains Strong Despite High Inflation Recession Fears Youtube US Inflation: US consumer spending increased even with growing fears over the health of the economy -underscored by a surge in the jobless rate to a nearly three-year high of 43 per cent Census Department data for August shows consumers defied economists' predictions of shrinking retail spending, setting the stage for a potentially robust holiday shopping season

Inflation Poses Risks For Consumer Spending Deloitte Insights Fears of a looming US recession are receding as recent economic data points to a more resilient consumer and cooling inflation health Despite these lingering concerns, the bank remains In a significant shift for the US economy, the Federal Reserve is expected Wednesday to announce its first interest rate cut since Covid Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 05% percentage point cut by t Higher-end consumers, Simon said, were “in a good spot,” while lower-end consumers would likely resume some of their spending as inflation triggered recession fears Stocks closed lower

Consumer Spending Remains High Despite High Inflation Anc Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 05% percentage point cut by t Higher-end consumers, Simon said, were “in a good spot,” while lower-end consumers would likely resume some of their spending as inflation triggered recession fears Stocks closed lower The July retail sales data provided reassurance that the US economy, while slowing under the pressure of high interest rates, remains of consumer spending should ease recession fears and The Fed was forced to hike interest rates to reign in consumer spending and tame inflation recession over the last couple of years, but has gotten especially vocal in 2024 about his fears Shares US Consumer Staples ETF provides investors exposure to mid and large cap stocks in the consumer staples segment Read more on IYK ETF here The Virginia Consumer Spending Report if economic data showed inflation and the job market coming into closer balance Job creation had remained strong, despite the Fed’s efforts to cool