There have been concerns that the consumer is pulling back on spending, with travel companies like Airbnb (ABNB), for example, cautioning that they are...
and data from from second quarter earnings reports. However, he does note that, anecdotally, there have been"reports of caution at the lower end of the spectrum."
If the Fed cuts by 25 basis points, uh, in September, do you expect consumer spending to accelerate significantly into the end of the year?No, I would expect continued moderate growth in consumer spending in the range of 2% maybe a little bit above 2% which is basically what we've been seeing.As the economy proves resilience stays out of recession and the labour market stabilises.From here, we've seen an increase from 3.4% in the spring of 2023 to 4.3%.
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Missing superyacht tycoon Mike Lynch: the "Bill Gates of Britain" who'd been starting a "second life"
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