Business
The Signal That Markets Cannot Ignore: American Consumers Abruptly Slow Down
After months of resilience, American spending decreased by 0.6% in July. A signal that resonates far beyond Wall Street.
After months of resilience, American spending decreased by 0.6% in July. A signal that resonates far beyond Wall Street.
The American Federal Reserve held its rates on July 29, but the 9 to 3 vote reveals a spectacular rift: three officials called for an immediate hike. This hard signal could weigh on the dollar, credit, Wall Street, and Europe.
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