Part 1/6:
The True State of American Consumer Spending: A Closer Look
The Federal Reserve has repeatedly asserted that the U.S. economy remains resilient, with consumer spending demonstrating remarkable strength. According to official statements, this robust spending is a sign of economic vitality, leading the Fed to suggest that another interest rate hike may be on the horizon to rein in demand and combat inflation. But beneath these assurances lies a complex reality that warrants a deeper analysis. The question looms: Why is consumer spending still so strong?