U.S.: Why Consumer Spending Will Be Tough To Curb

Tight job markets and loose financial conditions frustrate the Fed

These are heady times for most consumers, but they may be giving policymakers fits before the year is out. The economy is bolstered by the strongest set of consumer fundamentals in the postwar era. The combination of tight labor markets and loose financial conditions is powering household spending like an afterburner, and the latest data suggest that plenty of fuel remains.

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