Les Hodges: Russian Crab Dominates Asia
The economy grew 3.1% over the past year according to the Commerce Department while inflation is nearing the central bank's 2% goal. U.S. consumer spending held up remarkably well in 2023 despite elevated inflation and higher interest rates. A year ago, the expectation was for a 0.2% advance in 2023. Much of the credit goes to consumers who spent more on healthcare, dining out, and cars. Housing was flat as expected with the high interest rates. Still, there are signs that the spending and the economy will slow and economists are...
To Read Full Story Login Below.