Americans have faith in their personal finances while consumer goods are already seeing a slowdown in price increases
Washington DC:
The Untied States risks some exposure to China’s economic slowdown and shipping disruptions in the Red Sea, but they appear contained, the White House National Economic Council director said on Friday, adding that the U.S. economy is “upbeat.”
NEC Director Lael Brainard told reporters inflation was getting anchored at 2% and that recent consumer confidence and spending data showed Americans have faith in their personal finances while consumer goods are already seeing a slowdown in price increases.
Reuters