Sour Consumer Moods Not Sign of Slow Spending

Dour consumer sentiment gauges steal headlines, but their future economic implications are limited. Is US consumer spending losing steam as we enter 2023’s final quarter? Real (i.e., inflation-adjusted) personal consumption expenditures (PCE) rose just 0.1% m/m in August.[i] Now many fret…#pce #umichs #surveyofconsumers #umich #sharp

Source: Reuters: Health - October 9, 2023 Category: Consumer Health News Source Type: news