Consumer Confidence Signaling ‘Significant’ Economic Deceleration Ahead?
Schwab Network · Schwab Network
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Show Notes
Yelena Shulyatyeva breaks down the Consumer Confidence report as it hits the lowest level since January of 2021. She discusses how low confidence can freeze buying and expects a “significant deceleration in economic growth this year.” She highlights that confidence is lower across the political, age, and other spectrums, pointing to broad-based fears. However, she thinks we can avoid recession with Fed rate cuts.
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