US Retail Spending (And the Economy) Is Hanging Off The Edge of a Cliff

Victor Lei — Head of Research Economy

The state of the US economy is like a fine piece of art — experts say it’s good, but from a consumer’s POV, you really have no idea what you’re looking at. Several major banks, including JPMorgan, have recently raised their outlook on the US economy — even dropping their 2023 recession forecasts. Retail sales…

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