Spending Up, Growth To 2.4% in America

Posted on 07/27/2023

New data reveals that Americans continue to spend, at least nominally, resulting in an annual growth rate of 2.4% as of June 2023. This is 0.4% higher than the number in March. Consumer spending accelerated by 1.6%. Inflation is coming in at 3%. That’s higher than the historic Fed target of 2% but improved from…

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