Highlights
- Their chart reflects spending has been roughly 10% or more below its 2019 levels
- It has been for over a month after rising sharply from late-March and early April
The consumer spending data from JPMorgan provide insights on economic recovery. It suggests that the recovery has been stuck in neutral since mid-June. It mirrors the data for hours worked by service sector em....
Tags : JPMorgan, US Economy, Economic Recovery, Consumer Spending, COVID - 19, Corona Virus Pandemic ,
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