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25th Sep 2023 12:24U.S., Daily Monitor

  • Low- and middle-income households’ real liquid assets are back to their pre-Covid levels.
  • Richer households still have substantial excess cash, but they can’t drive overall consumption.
  • Can consumers’ confidence continue to rise in the face of higher gas prices and weaker stocks?

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Keywords for: 26 September 2023 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence