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The American consumer comes to the rescue - June 28, 2023
Episode 210
Published 3 years, 4 months ago
Description
Green has returned to Wall Street and global indices thanks to upbeat US economic data. The resilience of US consumer spending has led to renewed optimism. It seems that the much-talked about recession – which for a year was supposed to be imminent - is not coming to America anytime soon. The economic outlook is still uncertain, but not dire, and investors have now come to terms that a few more rate hikes are on the way.
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