U.S. consumer spending still strong despite slowing GDP, expert says

FAN Editor 2 years ago

U.S. consumer spending still strong despite slowing GDP, expert says – CBS News

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The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.

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