The Path of Monetary Policy
Travel is the embodiment of discretionary spending and it provides a reflection of how people feel about their personal finances and the economy. In 2019 (pink line) 2,500,000 people were traveling leading up to and following the 4 th of July. In 2024 (blue line) roughly 3,000,000 people were getting on a plane an increase of 25% from 2019. The increase in 2024 compared to 2023 is even larger (green). It will be interesting to see if the increase in the last 15 weeks of 2023 is matched in 2024. In 2019...
