Reported 23 days ago
Recent consumer sentiment data indicates a significant decline in confidence, particularly influenced by uncertainties surrounding President Trump's tariff policy. While high-income earners are currently maintaining spending levels, continued pressure on stock prices could push these consumers into austerity mode, potentially tipping the economy into a recession. The outlook remains uncertain, with rising savings rates posing a risk to economic growth, as analysts closely monitor consumer behavior and the effects of market fluctuations.
Source: YAHOO