US consumers keep spending despite high prices
Recent data from the U.S. government paints a clear picture: A surge in consumer spending is driving robust growth, a resilience that has confounded economists, Federal Reserve officials, and even the somewhat pessimistic sentiment expressed in opinion polls by Americans. The government reported a significant 0.4% increase in consumer spending in September, even after adjusting for inflation and despite rising borrowing costs for Americans. Economists … Continue reading US consumers keep spending despite high prices
