Fed Fails – American Spending Growth Is Weakest Since March 2011

Friday, August 28, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/28/2015

Core personal consumption growth in July was just 1.2% – the weakest since March 2011. Whatever The Fed is doing to grow the middle class (yes, yes, we know: that’s not in the mandate – only the “wealth effect” is) is not workingm and as the following chart suggests hasn’t worked for the past 35 years.

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