4 Solid Stocks to Buy on a Steady Rise in Consumer Spending

A steady rise in income has been a challenge for the Federal Reserve in controlling sky-high inflation. However, inflation is finally showing signs of cooling, while wages continue to be on the rise. A steadily rising personal income is also allowing consumers to spend more freely. The Commerce Department said on Jun 28 that personal income increased 0.5% in May, following a 0.3% jump in April. Wages increased 0.7% in May, which can raise concerns for the Federal Reserve, which has been struggling to fight ...