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8th Jun 2023 15:52U.S., Daily Monitor

  • People are still running down excess savings accumulated during Covid, boosting spending…
  • …But this boost will soon fade; only a third of excess savings remain, and they are unevenly distributed.
  • The spike in jobless claims is not necessarily a signal of labor market weakening; more data are needed.

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Keywords for: 9 June 2023 US Monitor

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