US Consumer Spending Collapses By Record, Worse Annual Drop Than Peak Of Lehman Crisis
Apr 30th 2020 8:42am EDT
US Consumer Spending Collapses By Record, Worse Annual Drop Than Peak Of Lehman Crisis Given the headline data from yesterday’s GDP print, this should not be a total surprise but Americans’ spending crashed in March. After adjusting for inflation, spending slumped 7.3%, also the most ever and underscoring data out Wednesday that showed the sharpest drop in […]
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