Consumers Are Still Spending In A Slowing Economy
b"With the Personal Income and Outlays data for March 2023, both income and spending came in above expectations. Jannis Meindl says that consumers are keeping up with the spending according to credit card reports. Yesterday's numbers seemed to be indicating a stagflation situation, while today's data is more encouraging. Is this the best case scenario for the Federal Reserve? Next, Meindl weighs in on a slowing economy, while labor and housing markets are both strong."