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Jul 28, 2023 · 1 min read

Maybe the animal spirits won’t win out this time.

> “To me the most important signal out of [Thursday’s data] is that households continue to consume,” Eric Winograd, senior economist at AllianceBernstein, told the Financial Times. “And I don’t think we should expect the consumer to weaken until the labor market does.”

The Daily Upside: Recession? What Recession?