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Lakshman Achuthan and Anirvan Banerji: The Strength of Consumers Is Overstated

Weakening sales trends and wage growth underscore a sustained slowdown in spending. The consensus is that the U.S. consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. This view underpins expectations for improved corporate earnings in 2020. But the hard economic data strikes a

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Posted: January 22, 2020 Wednesday 06:00 AM