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Pre-Tariff Spending Surge: 3.8% April Increase in Consumer Spending
JPMorgan Chase data shows a 3.8% rise in consumer spending in the first 15 days of April 2025 compared to the same period in 2024, likely due to consumers preemptively buying goods ahead of President Trump's tariff plan, with discretionary spending increasing by 4.3%.
Pre-Tariff Spending Surge: 3.8% April Increase in Consumer Spending
JPMorgan Chase data shows a 3.8% rise in consumer spending in the first 15 days of April 2025 compared to the same period in 2024, likely due to consumers preemptively buying goods ahead of President Trump's tariff plan, with discretionary spending increasing by 4.3%.
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