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US Consumer Spending Still Strong, But Could be Peaking, Moody’s Contends

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Consumer spending in the U.S. is expected to remain strong during the holiday season thanks to positive employment conditions and a recent acceleration in wage growth, Moody’s Investors Service said in a new report out Monday. However, as interest rates rise and other costs increase, Moody’s expects consumption to grow at a slower pace in…

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