Inside the Economy: Consumer Spending, Bonds, and Imports

SHJ Wealth Advisors

This week on “Inside the Economy”, we monitor the increased consumer spending in tandem with rising delinquencies on mortgages. Is the Federal Reserve going to consider any rate hike movement before year-end? Consumers are still flooding into the stock market, alongside money flowing into money market bond funds. U.S. goods imported have remained steady or on the rise for most countries. What country is on the downward trend? Key Takeaways: • U.S. Head CPI at 3.5 (YOY) • Crude Oil at $83.71 • Credit Card account revolving balances exceed $600B