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Day: June 2, 2022

June 2nd – Out of Balance

By Adam DeermountIn Basis PointsPosted June 2, 2022

What I'm Reading Out of Balance: Households boosted spending in April but drew heavily on savings in order to do so.  Higher-income consumers are likely healthy enough to continue funding their spending through savings for a while as their excess savings are significant.  However, lower income households do not have...

Tags: Economy, Immigration, Logistics, Mortgage, Ports, WTF
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