Cyclical Recovery and the U.S. Consumer
ECRI's Lakshman Achuthan spoke with Yahoo Finance to discuss the state of the economy, our high-frequency leading indexes and the U.S. consumer.
Highlight: Lower-income households "don't make up all that much of consumer spending... when compared to what the upper half of the households are consuming," @businesscycle says. "That's the lion's share of consumer spending." More: pic.twitter.com/mk88hLjPfC
— Yahoo Finance (@YahooFinance) October 28, 2020
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