Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting
At current rates, population would double in 25 years
Households to curtail spending amid softer labour markets, easing wage growth
Despite concerns about saving, only 13% of respondents recently consulted an advisor
Fifth straight monthly gain reflects resilient economy despite tough economic environment
Lofty post-pandemic outlays can't last, given higher debt servicing costs
The downturn in spending showed up in the earnings reports of many high-profile retailers
Consumer spending “continued to sputter” as economic growth weakened
HELOC balances decline, cooling credit card and mortgage growth
But higher interest rates are weighing on economic activities dependent on credit