Jeffrey Klingelhofer on Consumer Resilience, Growth and Inflation Risks

Jeffrey Klingelhofer examines the latest economic data, arguing that the U.S. consumer remains resilient despite signs of slowing activity. He discusses how spending habits are diverging across income groups, with lower-income consumers becoming more selective. Klingelhofer also explains why strong nominal GDP growth could keep inflation pressures elevated and leave the Fed with more work to do.

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