What Recession? Consumer Spending Was Strong in Late November, Lessening Fears of an Economic Decline

What Recession? Consumer Spending Was Strong in Late November, Lessening Fears of an Economic Decline

For months on end, financial experts have been cautioning consumers to gear up for a recession in 2023. The Federal Reserve has been aggressively raising interest rates in an attempt to slow the pace of inflation. In doing so, it's been making it more expensive to borrow money, whether in the form of an auto loan, personal loan, or credit card balance.