Economic Take

The Consumer Spending Wave and Federal Debt Burden


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Reports last week showed a burst of retail sales activity in May that recouped almost two-thirds of the ground lost in March and April. This week, the Commerce Department delivers its consumer spending report, which should help paint a clearer picture of the recovery. Finally, publicly held debt surged to 103 percent of GDP in May—should we be worried?  

 

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Economic TakeBy JPMorgan Chase Commercial Banking