Inside the Economy: Consumer Spending, Federal Reserve, and Household Income

This week on “Inside the Economy”, we evaluate consumer spending, the upcoming Federal Reserve meeting, and household income and mortgages. Consumer spending has slowed compared to the post-COVID highs, and we’ve observed a recent deceleration in student loan repayments. Is this a sign of consumer concern? Regarding income, U.S. households have seen an increase as of 2023 numbers. How does this compare to other countries worldwide? Have unions been a contributor to the increase in income? On the other hand, mortgages are a full point lower than they were a year ago. Is this decline due to economic factors or just anticipation? Tune in to learn more!

 

Key Takeaways:

• S. Head CPI is 2.5 (YOY)
• 30-year Mortgage at 6.20%
• 10-year bond yield at 3.68%