Consumer spending intact, but so too is core inflation

Wells Fargo Research Team Wells Fargo

Summary

Consumers keep spending which is helping propel real GDP growth in an environment where it does not take much to spook investors. The treat is still-solid growth can help the Fed achieve a soft landing, but the trick is that could work against inflation hitting its 2% inflation target.

Source: U.S Department of Commerce and Wells Fargo Economics

Author

Wells Fargo Research Team

Wells Fargo

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