IMCV - 'Real' Spending By Americans Dips To Second Highest Ever But Income Walloped By Inflation

• Spending shifts slowly back to services. But spending on goods still massively above trend, despite supply shortages.
• Spending on durable goods continues to be handicapped by large-scale supply issues, particularly with new vehicles, where global production continues to get hit by semiconductor shortages.
• Americans are still spending a gigantic amount on durable goods, and this spending remains way above trend, and shortages keep them from spending even more.

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