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The latest high-frequency data from JPMorgan shows slowing US consumer spending – ForexLive


High frequency data from JPMorgan

JPMorgan is out with its latest high-frequency report on the health of the US economy today and there are some further signs that the recovery has leveled off.

‘Card-present’ transactions accounted for about one-third of US spending pre-pandemic and are weighted toward retail spending, restaurants, supermarkets, lodging and pharmacies.

That data is choppy but the trend in airline spending is increasingly clear:

airline spending In terms of overall spending, hotspot states are back to about where they were at the end of May.

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