Even more from Kashkari: Excess savings have been spent down ...Middle East

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Even more from Kashkari: Excess savings have been spent down
Excess consumer savings have been spent down.Lower credit score borrowers delinquencies are climbing.On average consumers seem like they are doing fine.Monetary policies role in bringing down inflation was probably mainly in anchoring inflation expectations, not on reducing demand. This article was written by Greg Michalowski at www.forexlive.com.

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