Investment banks sound recession alarm — US citizens start to fret about economic slowdown as well | Businessinsider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Investment banks sound recession alarm — US citizens start to fret about economic slowdown as well

"[Rising rates] raises the risk of a recession, because you're bringing rate hikes forward even faster,"."The Fed is hiking into a slowdown, and they don't really have a lot of options."

, which measures Main Street's attitude towards the overall business climate, fell sharply to a record low of 50.2 points this month, far below analysts' initial prediction of 58. Consumer sentiment has typically been used as a gauge of future consumer spending, which accounts for roughly three quarters of gross domestic product.Americans are spending much less at stores and restaurants as inflation soars

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 34. in BE

Belgique Dernières Nouvelles, Belgique Actualités