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Sep 6, 2023

Consumer spending is the economic engine for the US economy and they appear to be in good shape.  The Bureau of Economic Analysis reported that consumer spending has increased 0.8% year over year in July and above expectation of 0.7%.  Consumer spending represents 66% of the US GDP and the future of the economy is dependent on consumers continuing to spend even with higher interest rates.  Listen in this Weekly Brief our full analysis of consumer spending and other economic indicators.