Salem Radio Network News Wednesday, January 26, 2022

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Consumer spending is strong, but inflation worries remain

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U-S consumer spending is strong, but rising inflation remains a concern. The head of the nation’s second-largest bank says consumers are spending “at a faster rate” than he’s ever seen. However, Bank of America’s Brian Moynihan remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. Last week we learned that inflation is at its highest level since 1982.

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