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August 24, 2022

Consumer spending levels have slowed, and inflation adjusted spending is already in-line with prior recessionary periods.

We have been noting a deceleration in consumer spending (June 15, 2022; May 25, 2022) and the negative impact this has been having on economic activity (Q1 and Q2 GDP decelerated to start 2022).  Other sources have been noting that consumer spending is still positive and that this could be suggesting that the economy is...
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