U.S. consumer spending still strong despite slowing GDP, expert says

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U.S. client spending nonetheless robust regardless of slowing GDP, professional says - CBS Information Watch CBS News The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, …

U.S. client spending nonetheless robust regardless of slowing GDP, professional says – CBS Information

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The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.