Public
The Economic Week Ahead
6/6/2022
1 min read
On June 1, JPMorgan Chase CEO Jamie Dimon said that “fiscal stimulation is still in the pocketbooks of consumers. They are spending it.” We agree: Consumers have about $1 trillion in excess saving thanks to the government’s pandemic relief checks that weren’t spent. They’ve been dipping into that pool of money to offset the weakness in the purchasing power of their paychecks, which have been eroded by
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Ed Yardeni
