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Claudia Sahm: Sure, Consumers' Savings Are Down, But So Is Their Debt
If the Federal Reserve fails to account for the drop in household liabilities, it risks making the wrong call on rates. Even with elevated consumer prices and high borrowing costs, Americans continue to spend at a solid clip, complicating the Federal Reserve’s efforts to tame inflation. One reason that central bank officials cite for
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Posted: August 30, 2023 Wednesday 06:00 AM