The Consumer Recession Is Already Here (Chipotle Just Confirmed It)

The reason why Fed Chair Jay Powell didn’t want to commit to a December rate cut is simple. A number of voting members at the FOMC are not convinced the weak labor market is actually all that weak. Sure, the numbers don’t look good, but they’re wonder if it is real. Well, Chipotle and Kraft-Heinz would like to answer them with a pair of serious warnings about what they’re seeing from consumers.  

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Bloomberg Fed Cuts Rate by Quarter Point, With Dissents on Both Sides
https://www.bloomberg.com/news/live-blog/2025-10-29/fomc-rate-decision-and-fed-chair-news-conference

Bloomberg Chipotle Falls Most Since 2012 After Warning Over Diner Pullback
https://www.bloomberg.com/news/articles/2025-10-29/chipotle-cuts-outlook-for-third-time-in-2025-on-weaker-traffic

WSJ Kraft Heinz Lowers Full-Year Outlook on Weak Consumption Trends
https://www.wsj.com/business/earnings/kraft-heinz-khc-q3-earnings-report-stock-2025-a4c6430e

YahooFinance Kraft Heinz bearish on outlook amid volume decreases ahead of split
https://finance.yahoo.com/news/kraft-heinz-bearish-outlook-amid-173322392.html

Conference Board 
https://www.conference-board.org/topics/consumer-confidence/

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