The Summer of Spending’ saving the economy? - 8.15.23

Fidelity Viewpoints: Market Sense

English - August 18, 2023 14:57 - 26 minutes - 47.9 MB - ★★★★★ - 53 ratings
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Previous Episode: 08/08: Big ideas from Fidelity's 'Quant Research rock star"

Next Episode: 08/22: Investing tips for busy people

Our Fidelity Professionals discuss what the latest inflation data and regional banks getting a credit rating downgrade might mean for the economy and the Fed’s plans.

And, during these dog days of summer with so many people out of the office, consumer spending is up on experiences like summer concerts, blockbuster movies and travel. Could Taylor Swift and ”Barbenheimer,” along with cooling inflation be enough to tip the economy away from a recession? Our professionals weigh in.