US: Momentum in consumer spending continued into the second quarter – Wells Fargo
Data released on Friday showed Persona Spending rose in April 0.9%, surpassing expectations. Analysts at Wells Fargo point out that for the first time since October 2021 income outpaced inflation. They forecast consumer spending will downshift over the next quarters.
Data released on Friday showed Persona Spending rose in April 0.9%, surpassing expectations. Analysts at Wells Fargo point out that for the first time since October 2021 income outpaced inflation. They forecast consumer spending will downshift over the next quarters.