People Still Spending on Tech Despite Red Flags in July Report | NYGazet

But there were other signals that economists watch closely, because they mean households may be dipping into savings to sustain purchases.

U.S. consumers continued to open their wallets in July, a new study from the Bureau of Economic Analysis showed on Friday, underscoring the resilience of household demand even as inflation held above the Federal Reserve’s target. That doesn’t mean th... [4226 chars]