The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in the University of Michigan’s Consumer Sentiment Index, the prevailing outlook on the economy seems to have soured a bit. Dueling...
July 26, 2024
The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in the University of Michigan’s Consumer Sentiment Index, the prevailing outlook on the economy seems to have soured a bit. Dueling data reports Friday showed that inflation’s pace continued to moderate […]
