Partner Insight: T. Rowe Price's 2024 Global Market Outlook
U.S. consumers are still flush with cash
(Fig. 3) Checkable deposits and currency holdings of U.S. households
As of June 30, 2023. Source: U.S. Federal Reserve Board.
Consumer spending has been the most resilient driver of growth, due to the strength of the US labour market. At the end of September 2023, there were 9.6 million open jobs available for the 6.4 million unemployed workers in the U.S. labour force
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