Our Drunken Sailors Are at it Again, Not at All in the Mood for a Slowdown or a Recession
Inflation-adjusted consumer spending jumped. They splurged on durable goods. And still saved some. In response, the Atlanta Fed’s GDPNow jumped. By Wolf Richter for WOLF STREET. Consumer spending, adjusted for inflation, rose by 0.39% in July from June. Spending growth […]