Spending on big ticket items like cars and houses normalized a while ago. But in Airbnb’s pedestrian outlook, is there finally a sign that revenge travel after the pandemic has reached its peak? More on that later.
Heading into the inflation report, the implied move for the S&P 500 SPX on Wednesday was just 0.9%, tied for the lowest since February 2022. The real question is what the turn in bank lending standards, identified in the Fed senior loan officer survey released on Monday, will mean for the economy.
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