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Excess Consumer Savings Spells More Trouble for the Fed

Por: MarketWatch Business October 07, 2022

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Consumers were thought to have built up about $2.4 billion of excess savings during the Covid pandemic. This supposed stockpile underpinned the argument that the economy could avoid a recession, even as the Fed raises interest rates at the fastest pace in decades. While many central bankers, economists, and investors , plenty still argue that any recession will be short and shallow, in part because consumers are thought to be in good economic... + full article



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