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Just keep spending

2024/8/15
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Marketplace

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The episode discusses the role of consumer spending in maintaining economic stability, despite rising unemployment rates, and features an interview with Atlanta Fed President Raphael Bostic about the Fed's cautious approach to interest rates and the state of the labor market.

Shownotes Transcript

Even though unemployment has bumped up, retail sales are going strong. Consumers spent $7 billion more in July than in June, the Census Bureau reported. Food, clothing, appliances and other categories saw sales growth over 2023. In this episode, is all that spending the force that’s keeping our economy afloat? Plus, the pros and cons of “dual agency” in real estate transactions and why Atlanta Federal Reserve President Raphael Bostic counsels patience.