McDonald's (MCD) missed second-quarter earnings estimates, highlighting concerns about consumer spending. To discuss the state of the consumer, Silvio...
highlighting concerns about consumer spending . To discuss the state of the consumer, Silvio Tavares , CEO and President of VantageScore, joins Asking for a Trend.
Regarding potential Federal Reserve rate cuts, Tavares believes the economy remains too robust for the Fed to take action. He notes that resilient bank lending may discourage the Fed to initiate a rate cut."The economy is still quite hot, and what the Fed doesn't want to do is cut before they absolutely need to," Tavares told Yahoo Finance.
And so it's a mixed picture overall, overall healthy, but there's some segments that are starting to see some pain uh including, you know, uh uh a consumer that's likely to shop at someplace like uh like mcdonald's Sylvia.Uh what are they saying right now about the consumer who are they lending to?Um you know, everyone realizes the economy is doing well, but everyone expects things are gonna slow down.
Silvio Tavares Consumer Spending Inflection Point Earnings Estimates
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.
7 charts that make the case for a Fed rate cut in SeptemberWith these charts, Wall Street economists make the case for the Federal Reserve cutting interest rates in the near future.
Read more »
June PCE data puts Fed closer to a September cutThe June Personal Consumption Expenditures (PCE) data came in line with expectations,. Yahoo Finance Senior Reporter Jennifer Schonberger joins Wealth! to...
Read more »
Calm inflation reading keeps the door open at Fed for September rate cutThe Fed’s preferred inflation gauge had its slowest annual increase in more than three years, likely getting policy makers closer to the conviction needed to...
Read more »
Fed seen on hold next week, cutting rates in SeptemberThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cutWASHINGTON (AP) — The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall. Prices rose just 0.
Read more »
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cutWASHINGTON (AP) — The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and ...
Read more »