According to ChainCatcher news and Jin10 reports, Fed official Barkin stated that despite a slowdown in spending, it is hard to imagine a significant reduction in consumer spending given the low unemployment rate and sustained wage rise.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Fed's Barkin: Consumer spending is unlikely to see a significant cut.
According to ChainCatcher news and Jin10 reports, Fed official Barkin stated that despite a slowdown in spending, it is hard to imagine a significant reduction in consumer spending given the low unemployment rate and sustained wage rise.