You can thank the American retail consumer for the soft landing
A much-hoped-for"" indeed seems increasingly likely now as inflation cools and the job market remains strong.
If the Fed proves successful, Chairman Jerome Powell will owe a big"thank you" to American consumers who have largely ignored the gathering clouds and continued spending money.from the Commerce Department. That's up 0.2% from the May total – and the May figure had been revised upward. US retail and food services sales were up 1.6% from April to June, following a slight decline in March.
As consumer spending accounts for roughly 70% of the US economy, the continued strength in that area has been key to theEven if the US avoids a recession, companies may need to adjust to a period of smaller profits, but that is a problem executives are more than equipped to deal with.
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