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28 February 2025 / Brief
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Copy LinkA sharp pullback in consumer spending in the beginning of the year, despite rising income, corroborates declining consumer confidence and supports our projections for economic growth to slow this year and for the next Fed move to be a rate cut.
Trusted Insights for What’s Ahead®
Figure 1. Spending Growth Sharply Slows in Q1
Sources: Bureau of Economi
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