Stimulus checks in, stimulus checks out.
Consumers are wasting no time spending their stimulus checks, new data out of J.P. Morgan Chase shows. Over the past seven days ending March 19 as more Americans have received their checks, spending on Chase cards skyrocketed 23.9% (see chart below). That’s up sharply from growth rates under 10% from January right on up to the latest round of stimulus payments. Some of the largest gains have come at supermarkets (8.2% increase in the last seven days)…
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