The Wall Street Journal

@WSJ ↗

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Last Checked Feb. 23, 2023

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Thu Feb 02 00:05:36 +0000 2023

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The Wall Street Journal @WSJ

Consumer spending surged after Covid-19 lockdowns eased, but it has fallen recently in the face of high inflation. Meanwhile, Americans’ savings have dropped from pandemic highs. https://t.co/6ut0RfOTPh https://t.co/kF2LQb6grq — PolitiTweet.org

Posted Feb. 2, 2023 Hibernated

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The Wall Street Journal @WSJ

The engine of the U.S. economy—consumer spending—is starting to sputter. It’s a stark turnaround from the second half of 2020, when Americans lifted the economy out of a pandemic downturn. Now the forces that helped keep spending high are unwinding. https://t.co/hpVV4dfEx6 — PolitiTweet.org

Posted Feb. 2, 2023 Hibernated

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The Wall Street Journal @WSJ

Also weighing on many consumers: The rapid increase in interest rates in the past year, tied to tightening by the Federal Reserve, has pushed the cost of all types of debt higher https://t.co/oEcfv1HAQ4 https://t.co/btfcsKYJqz — PolitiTweet.org

Posted Feb. 2, 2023 Hibernated