The Federal Reserve minimize rates of interest on Wednesday for the primary time this yr, a transfer that would present some reduction for Americans from the upper value of residing. But there’s a deepening inequality amongst households within the United States.
Consumer spending, which is an important a part of the US economic system, accounting for about two-thirds of its progress stays strong: Sales have been up a powerful 0.6% in August, a month when spending was anticipated to be considerably lackluster. #CNN #News
