Economics
Turbocharged U.S. Consumer Plays Key Role in Supply-Chain Snarls
- Excess demand in U.S. dwarfs euro area: Nomura economist
- Spending on travel, entertainment is poised to ramp up again
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Amid all the hand-wringing over global supply-chain snarls and how they’re fanning inflation, little attention in the U.S. is being paid to the demand side of the economy.