Tag: consumer spending
Why the bank thinks 2021’s final period will be much better. Hint: consumers.
To Larry Summers, today’s trove of saved-up cash will juice consumer spending. TS Lombard is skeptical, due to the persistent virus.
Stephen Roach: A lot of consumer spending already has occurred and the federal aid package will be just a temporary boost.
Pantheon’s Ian Shepherdson says tax cuts spurred 4.1% increase, and he thinks future readings will be lower.