A falling stock market may hurt the U.S. economy more than high prices at the pump

What Happened

The wealth effect may have a greater effect on consumer spending than high gas prices.

Why It Matters

This development may influence policy, markets, and public sentiment based on how events unfold.

Background Context

The wealth effect may have a greater effect on consumer spending than high gas prices.

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Source: MarketWatch.com – Top StoriesOriginal Link

Source: MarketWatch.com – Top Stories

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