Can the US Consumer Prevent a Recession?
US GDP again beat expectations for the first quarter, with the Commerce Department’s second estimate of 1.3% exceeding market forecasts of a 1.1% increase. As high inflation and interest rate hikes weigh on the economy, continued growth is increasingly reliant on resilient consumer spending. Can…
#commercedepartments #subscribe #bloombergoriginals #bloombergquicktake #breakingnewson
