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The Impact of Rate Cuts on Markets & the 2024 Presidential Race

Bloomberg Surveillance

CHAPTER

Consumer Behavior and Economic Predictions

This chapter analyzes the current consumer behavior dynamics and their impact on GDP, highlighting the correlation between labor markets, consumer spending, and declining savings rates. It also explores the potential implications of Federal Reserve rate cuts on consumer and business investment, especially regarding mortgage and credit card rates. The discussion further delves into the challenges in predicting inflation amidst economic uncertainties, including external factors like the Chinese economy and upcoming elections.

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