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Consumers Haven’t Shaken Covid-19

Bloomberg
September 23, 2023
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In Bloomberg, Claudia Sahm looks at why American consumers are still so melancholy despite declining inflation rates (which still means prices are going up, only more slowly than before), low unemployment and positive growth forecasts. While Sahm suggests the gloom could be tied to political partisanship and more negative news stories, she builds a strong case for why the main culprit is Covid-19.

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