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Consumer Confidence Rebounds, Recession Concerns Persist
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Overview
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Consumer confidence rises in November, but concerns about a recession persist. Plans to buy cars, homes, and appliances fall due to high interest rates. Wages do not match inflation, and concerns about the economy and inflation remain.
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How might the lingering impact of high interest rates affect consumer spending in the long term?
How might the persistence of recession concerns influence the Federal Reserve's monetary policy decisions?
What strategies can consumers employ to navigate the challenges posed by inflation and the likelihood of a recession?
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