Consumer Spending Boosts Economy: Will It Last?
Update: 2025-09-26
Description
Consumer spending defies expectations, rising 0.6% in August, fueled by wealthy households and a booming stock market. But cracks are forming: lower-income families struggle with rising prices and economists predict a slowdown as government aid dwindles. Inflation remains above the Fed's target, forcing a recent interest rate cut and leaving policymakers in a bind as job growth slows. Is this spending spree sustainable, or a bubble about to burst?
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