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Consumers are still spending, but the mix is changing
Households remain selective as borrowing costs and everyday expenses shape where discretionary dollars are going.
Households remain selective as borrowing costs and everyday expenses shape where discretionary dollars are going.
Hiring momentum is cooling in parts of the economy, creating a more complicated backdrop for central-bank decisions.
Owners are seeing steadier demand while staying cautious on payroll growth and financing costs.
Rent, mortgage rates, insurance and property-related costs continue to shape consumer confidence and discretionary spending.
Orders and output are improving in some areas while export demand and financing costs remain a drag elsewhere.