Consumer resilience should quell recession fears: Strategist

Rob Haworth News

Consumer resilience should quell recession fears: Strategist
Bureau Of Economic AnalysisMarket DominationJobless Claims
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The Bureau of Economic Analysis revised the US's second quarter GDP print for the second time, raising it from 2.8% to 3%. US Bank Wealth Management senior...

The Bureau of Economic Analysis revised the US's second quarter GDP print for the second time, raising it from 2.8% to 3%. US Bank Wealth Management senior investment strategist Rob Haworth joins Market Domination to discuss the data and what it signals about the state of the economy.

Uh, yeah, resilience is 11 word we would keep using for the consumer, uh, especially backward looking, uh, tomorrow in addition to the P CE report, right?So we'll get another glimpse of that consumer as we enter, uh, the third quarter, uh, meaning July.We continue to see job growth.So consumers are really still in an OK spot to spend money.

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