Taylor Swift, Beyoncé and 'Barbenheimer' are lifting consumer spending this quarter. But Morgan Stanley says it may not last
Publishing timestamp: 2023-08-31 15:58:20
Summary
3) Morgan Stanley has found that Taylor Swift and Beyoncé's tours, along with summer movie blockbusters, have had a notable impact on consumer spending and the broader economy. However, the firm warns that the end of these events, combined with the resumption of student loan payments, could negatively affect fourth-quarter consumer spending. Despite the positive boost in the third quarter, the economic halo may be short-lived.
Sentiment: MIXED
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