US Economy Shows Divide Between Strong Consumer Spending and Struggling Americans
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#47f15315 ver:0.24

Despite concerns about inflation and economic pessimism, American consumer spending remains strong, particularly among middle-class consumers. However, there is a growing divide in the US economy, with lower-income households and some middle-income households experiencing slower spending. Discretionary spending among higher-income households is weak, except for those with incomes over $600,000. Consumers have higher expectations from brands, with a desire for better pricing, frequent sales, promotions, and enhanced customer service. While consumer spending momentum is soft but stable, the economy represents a tale of two Americas, with struggling Americans facing financial difficulties and businesses limiting employee hours and pay. The divide in the economy could complicate the Federal Reserve's decision on interest rates. #ConsumerSpending #EconomicDivide #Inflation #MiddleClass #LowerIncome #DiscretionarySpending #BrandExpectations #USAEconomy...

#newstr #UsEconomy #ConsumerSpending #IncomeInequality #Inflation #FederalReserve #JpmorganChase #Microsoft #ArtificialIntelligence 

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