US Economy Faces Selective Recession as Lower-Income Consumers Struggle to Keep Up with Rising Costs
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#47f15315 ver:0.25

Despite concerns about inflation and economic pessimism, American consumer spending remains strong, particularly among middle-class consumers. However, lower-income households are struggling to keep up with rising costs, leading to a selective recession in the US economy. Consumers have higher expectations from brands and are still willing to spend on essential items and some discretionary purchases. The economy is divided between strong consumer spending and struggling Americans, with middle-class Americans facing financial difficulties. The Federal Reserve may face challenges in deciding on interest rate policy. #US #economy #consumer #spending #inflation #recession...

#newstr #UsEconomy #ConsumerSpending #IncomeInequality #Inflation #Recession #CostOfLiving #JpmorganChase #Microsoft #ArtificialIntelligence 

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