US Consumer Resilience Faces Energy Cost Pressure
Rising gas prices and elevated energy costs are putting pressure on the U.S. consumer. Analysts noted that if consumer spending declines, real GDP could fall below one percent. While the consumer currently appears resilient, experts suggest they may not perpetually withstand high energy costs. A resolution to these economic pressures is sought in the near term. The source noted the impact of these costs on federal economic considerations.
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Sources · 7 independent
Bloomberg Radio
“sales of pickups and SUVs despite those soaring gas prices and UPS. that could continue to put pressure on the consumer, the backbone of the U.S. economy. And if the consumer does fall to the wayside, we could see real GDP fall sub one percent.”
Bloomberg Radio
“perpetually withstand elevated energy costs. How about, so how does the federal”
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