The Fed runs a real-time tracker of what people spend at stores & restaurants. Almost nobody watches it.
This week, it flipped negative.
Real spending: Feb +0.8% → April flat → May -1.3%.
What a turn. Here’s why it matters.
The Fed runs a real-time tracker of what people spend at stores & restaurants. Almost nobody watches it.
This week, it flipped negative.
Real spending: Feb +0.8% → April flat → May -1.3%.
What a turn. Here’s why it matters.
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