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Economy
Two women carrying red shopping bags
Consumer spending accounts for roughly 70% of the US economy, and the continued strength in that area has helped the US outperform every other rich nation in the world.

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  • Economists this week are embracing a higher probability that the Fed will achieve a "soft landing."
  • The phrase refers to policymakers bringing down inflation without triggering a recession.
  • The key factor in accomplishing this goal? US consumers, who have kept spending amid uncertainty.

Economic forecasters have changed their tune this week after nearly two years of doom-and-gloom warnings of an all-but-inevitable downturn.

Tags
Retail, economy, Retail Spending, Consumer spending, soft landing
Source
You can thank the American retail consumer for the soft landing