July Spending: Americans Keep Shopping Despite Inflation

Despite persistent inflation, Americans kept their wallets open in July, fueled by Prime Day deals, back-to-school shopping, and rising incomes. Consumer spending rose, particularly on cars and financial services, with inflation's impact on goods remaining moderate. While stock futures initially dipped, markets largely shrugged off the news, suggesting continued economic confidence as consumers spent more than they earned for the first time since March. Hosted on Acast. See acast.com/privacy for more information.