US: Consumers are increasing their spending even after adjusting for inflation - Wells Fargo – by MSalordFX ConsumerSpending UnitedStates Banks
that the rising cost of goods and services means that nominal spending would increase even if the volume of goods and services consumed were flat. In other words, consumers are increasing their spending even after adjusting for inflation.“Yet even as prices grow faster than paychecks, consumers are still buying more even in volume terms.
“Monetary policy acts with a lag, and while it still may be early days, consumers' relentless spending suggests they remain unfazed by high inflation and the rate hikes intended to get prices under control.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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