Examining Central Banks, the US Consumer, and the Biden-Trump Rematch
Bloomberg Surveillance
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US Consumer Sentiment, Economic Divide, and Presidential Debate Preparations
The chapter delves into the ongoing debate at Morgan Stanley over the state of the U.S. consumer, highlighting concerns about weaker data from lower-income segments impacting economic growth. It explores how differing views suggest a divide in consumer experiences based on income distribution levels, with higher-income consumers returning to pre-COVID behaviors while lower-income households face recessionary challenges. Additionally, the chapter discusses the preparations and strategies of Donald Trump and Joe Biden for the upcoming presidential debate, speculating on themes like inflation and potential outcomes.
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