Wednesday - December 6, 2023
Cleveland Fed: Consumers Still Have Sizable Excess Savings and May Keep Spending It - For Now
November 21, 2023
CLEVELAND, Ohio, Nov. 21 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following news release:

Consumers still have a sizable stock of excess savings, accumulated during the pandemic, and they may keep spending it to make up for what they seem to believe to be a temporary decline in real disposable income, according to a new report from the Federal Reserve Bank of Cleveland.

In "Excess Savings and Consumer Behavior: Excess Compared to What?," Ma . . .

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