– US consumption is growing strongly despite rising interest rates and high inflation
Although the US Federal Reserve recently raised interest rates from 5.25% to 5.5%, US consumers increased their spending in July by 0.8% compared to the previous month.
Private consumption is the mainstay of the US economy.
Image: Jamie Gelder Davis/Bloomberg
More Stories
Nicolas Loufrani: Young Londoners Design Afro Hair Emojis
US Election: Trump Vs. Harris – 2024 poll numbers in America
Börse Express – USA: Retail sales rise unexpectedly