Concerns about U.S. consumer spending are deepening
U.S. consumer spending begins to shrink as spending shrinks due to rising gasoline prices and credit card delinquency rates reach their highest level in more than a decade. And when student loan repayment begins in October, consumers’ wallets are likely to be more closed <U.S. credit card delinquency rate trend> source:FRED Inflation and worsening economic […]
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