Should You Buy Companies Where You Spend Your Money?
Consumer spending makes up about two-thirds of the U.S. economy, so if you took advantage of Presidents’ Day sales this weekend, you did your part to support your local economy. Actually, consumer spending held up well even as inflation was increasing and the Federal Reserve was raising rates. We consumers deserve a pat on the back for keeping the economy going more than anyone expected. But did you see the headlines last week? Retail sales declined in January much more than expected.
