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EPISODE · Aug 18, 2023 · 9 MIN

State of the Consumer

from Bedell Frazier Investment Counselling · host Mike Frazier

Americans keep spending. GDP (Gross Domestic Product) grew at an annualized rate of 2.4% in Q2. Strong consumer spending led. The Fed's staff subsequently canceled its prediction for a recession, given the resilience of the Economy. Retail sales increased 0.7% in July, a much stronger-than-expected result. The Street modeled 0.4% growth. That translates to a 3.2% year-over-year increase. Consumer spending accounts for 70% of America's economic activity. It's still strong. Cars and Health Care spending were the standout strength, up 8% each. 

What this episode covers

Americans keep spending. GDP (Gross Domestic Product) grew at an annualized rate of 2.4% in Q2. Strong consumer spending led. The Fed's staff subsequently canceled its prediction for a recession, given the resilience of the Economy. Retail sales increased 0.7% in July, a much stronger-than-expected result. The Street modeled 0.4% growth. That translates to a 3.2% year-over-year increase. Consumer spending accounts for 70% of America's economic activity. It's still strong. Cars and Health Care...

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State of the Consumer

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Frequently Asked Questions

How long is this episode of Bedell Frazier Investment Counselling?

This episode is 9 minutes long.

When was this Bedell Frazier Investment Counselling episode published?

This episode was published on August 18, 2023.

What is this episode about?

Americans keep spending. GDP (Gross Domestic Product) grew at an annualized rate of 2.4% in Q2. Strong consumer spending led. The Fed's staff subsequently canceled its prediction for a recession, given the resilience of the Economy. Retail sales...

Can I download this Bedell Frazier Investment Counselling episode?

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