While consumers have been feeling the pinch under the current market conditions, there are indications that the tide might be starting to change. To shed...
Peterson notes that"consumers have mixed feelings right now." On the one hand, they are content with how the markets are holding up, but on the other hand, prices remain excessively high for essential items like food. She adds that consumers are alsoDespite these challenges, Peterson observes that consumers still spend on experiences,"but they're economizing on other types of activities.
So on the one hand, the basics are expensive and also big ticket items like homes and cars, um and even things like cell phones cost a lot more money than what they're used to. Now, we don't think the U the US is going into recession, but consumers are concerned that things are gonna slow down.Um, employment options may not be out there and certainly their incomes are gonna remain strained by high inflation and also elevated interest rates.
And where they're ultimately saying, you know what, we're gonna push back on that, we'll, we'll trade down or we'll decide not to purchase that for a little bit.And we think that's going to continue to persist.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumers' reliance on the Fed could be problematic: EconomistInflation is not a new phenomenon for the U.S. economy. Although the Federal Reserve has sustained a higher-for-longer inflation environment, historical...
Read more »
'Elevated caution' is 'warranted' for consumers: EconomistThe Consumer Price Index (CPI) data for April fell mostly in line with expectations, sparking further debate about how the Federal Reserve will shape its...
Read more »
McDonald's Q1 earnings miss sales expectations, as consumers tighten their walletsMcDonald's hefty expansion plans helped to boost sales in Q1.
Read more »
Dovish messaging unlikely at Fed meeting: EconomistAll eyes are on the Federal Open Market Committee (FOMC) meeting as it begins on Tuesday, with markets questioning the potential implications for the future ...
Read more »
Higher rates could knock Japan into recession, says former IMF economist BlanchardThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Japan’s Economy Contracts as Consumers, Firms Cut Spending(Bloomberg) -- Japan’s economy contracted in the first quarter as consumers and companies reduced spending, underscoring the fragile nature of the recovery...
Read more »