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  "documentTitle": "us executive macroeconomic briefing february 20240223",
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      "text": "Recent data on household spending and credit growth point to a K-shaped consumer spending pattern in 2023 with low- and median-income families exercising more spending restraint, and families at the higher of the income spectrum still spending, albeit with more discretion.",
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      "text": "Retail sales fell back last month after surging in January... Control retail sales... a key gauge of broader consumer spending trends...",
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      "text": "Slowing employment growth... Recent data on household spending... We anticipate consumer spending will advance only 0.7% in 2023...",
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