Investors fear the US consumer is about to hit a wall
Reade Pickert and Vildana Hajric
After staving off recession for longer than many thought possible, investors are concerned that the US consumer is finally about to crack.
More than half of 526 respondents in a Bloomberg survey said personal consumption – the most important driver of US economic growth – would shrink in early 2024, which would be the first quarterly decline since the onset of the pandemic.
Bloomberg
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