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U.S. CBO reveals income gains for all strata in 2023, Diane Swonk notes

U.S. CBO reveals income gains for all strata in 2023, Diane Swonk notes
CBO study finds broad U.S. income gains

Diane Swonk highlights recent discussions about a new U.S. Congressional Budget Office (CBO) study showing that incomes improved across all income levels through 2023.

Swonk notes that the CBO included income from transfers such as SNAP and Medicaid when analyzing gains for low- and middle-income households.

Swonk has previously commented on how financial markets are anticipating additional Federal Reserve rate hikes, adding complexity to the central bank's decision-making. She has also warned that diesel export bans could push U.S. prices higher as demand shifts. These observations reflect Swonk’s ongoing focus on the interplay between policy actions and economic outcomes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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