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Market Impact: 0.2
Wealth Effect Maintaining Growth: McCormick
Source: Bloomberg
Consumer Demand & RetailCurrency & FXInvestor Sentiment & Positioning
BMO Capital Markets Chief FX Strategist Mark McCormick highlighted risks that the US wealth effect has become a primary driver of consumer spending. The discussion points to vulnerability in consumption if asset prices weaken, potentially weighing on broader economic growth and market sentiment.
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