UBS On-Air: Paul Donovan Daily Audio 'Spending real money'
UBS On-Air: Market Moves · Podcast owner
July 26, 20242m 33s
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Show Notes
Yesterday’s second quarter US GDP release showed the US consumer is alive and well, and spending money. Some of the GDP data reflected a bounce back from the first quarter. Today’s personal income, consumption, and deflator data offers more insight into the direction of travel. It would be unwise to bet against reasonable US consumption, with middle-income households still relatively well supported.