Economy has more momentum than most thought but has started to slow
Monthly Economic Review: August 2023
Economy remained resilient in first half of 2023 but pace is lessening.
Growth in Consumer Spending is Slowing
Consumers are still buying more, but spending growth is slowing as the economy settles down.
Economy ‘Still Moving in the Right Direction’
The economy did better in the first half of 2023 than early indicators suggested and appears to be “rolling forward."