US Consumer Spending Remains Resilient Amid Inflation Concerns
TL;DR
Despite high inflation and looming tariffs, U.S. consumers continued to spend actively in July, especially on durable goods and tech, supported by strong wages, though concerns about future economic slowdown and potential stagflation persist as costs rise and savings dwindle.
- People Still Spending on Tech Despite Red Flags in July Report Gizmodo
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
- Charting the Global Economy: US Consumers Remain Resilient Bloomberg.com
- Americans kept spending last month despite elevated inflation CNN
- Inflation is climbing. Trump might still get lower rates. Politico
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