Tag: consumer spending

Monthly Market Update – August 2023

The economy, consumer spending and the Feds The economy remained strong in the second quarter, with growth accelerating and GDP rising at a 2.4% annualized rate compared to 2% in the first quarter(1). Consumers continue to propel the economy forward, with consumer spending growing at a 1.6% rate during the quarter (1) and headline retail sales […]

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