Rich are Driving Consumer Spending, Keeping Trend Strong
Schwab Network · Schwab Network
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Show Notes
Ian Wyatt expects the October jobs report to be rough as more federal workers show up on the sheet. He discusses the labor market dynamics right now and expects to see a “solid month” of spending when we get September’s data. He notes that spending is being led by the wealthy and explains why high-end recreation sales are staying strong.
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