What does the US GDP report say about the consumer? ...Middle East

CIBC writes about today's GDP and the US consumer going forward. Personal consumption rose at a 2.8% annualized pace in the report, a deceleration from 3.1% in Q3 but still at a healthy clip, including an increase in services consumption to 2.4% from 2.2%.The slight deceleration in consumption growth was accounted for by an easing in the pace of goods spending. Although durable goods spending slowed, given how restrictive monetary policy is, it's impressive that it's still 6% above year-ago levels," CIBC writes."Despite slower labor income, total income growth gained momentum, supplemented by higher interest and dividend income, while real incomes were boosted even more by the easing in infl

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