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4min chapter
Powell’s Last Stand | Danielle DiMartino Booth on May Fed Meeting 2024
Forward Guidance
Exploring U.S. Consumer Spending Trends and Economic Realities
This chapter explores the discrepancies between robust retail sales data and negative revisions in the U.S. consumer spending landscape, analyzing factors such as falling saving rates, increased credit card spending, and deteriorating wage inflation expectations that influence consumer behavior.
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