Gangbuster GDP
Moody's Talks - Inside Economics
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Strong Growth in Consumer Spending and Speculation About Taylor Swift's Influence
This chapter examines the growth of personal consumption expenditures in the third quarter, focusing on the strength of consumer spending on both goods and services. It highlights specific categories within goods spending and identifies housing services, insurance, and healthcare as the strongest service categories. The hosts also comically discuss Taylor Swift's possible influence on leisure goods spending and refer back to a previous episode where concerns about the consumer's financial situation were expressed.
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