Consumer spending surprisingly robust despite inflation and interest rate hikes

By Zach Halaschak

Published October 6, 2023 9:16am ET

Consumer spending surprisingly robust despite inflation and interest rate hikes — People are still going out and spending money at high levels, a strange dynamic given the country’s inflation and rising interest rates, and it might take the labor market getting whacked for that to change. Consumer spending is still chugging right along even as interest rates hit multiyear highs and economists warn of a potential […]

People are still going out and spending money at high levels, a strange dynamic given the country’s inflation and rising interest rates, and it might take the labor market getting whacked for that to change.

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