Cautious but steady consumers buoying hopes for US economy
A man walks past a Reebok display at the Walmart Supercenter in North Bergen, N.J., on Thursday, Feb. 9, 2023. Defying high inflation and sharp interest rate hikes, Americans keep spending — a trend that, if sustained, could keep the economy humming just enough to help avoid a much-predicted recession. (AP Photo/Eduardo Munoz Alvarez)
WASHINGTON (AP) — Call it the Goldilocks consumer.
Defying high inflation and sharp interest rate hikes, Americans keep spending — a trend that, if sustained, could keep the economy humming just enough to help avoid a much-predicted recession...
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