US consumers show signs of flagging, companies and analysts warn

US consumers are showing signs of flagging after helping to prop up the world’s largest economy since the pandemic, according to a growing number of companies, economists and investors. Last week’s shaky start to the corporate earnings season has fuelled concerns that consumer strength has peaked, despite data on Thursday showing stronger than expected GDP growth in the second quarter, thanks in part to consumption spending.

“Real-time data” suggests that “consumers are starting to slow down”, said Max Gokhman, a senior vice-president at Franklin Templeton Investment Solutions, citing “reports from consumer staples names or financials saying we see consumers shift to value-oriented goods . . . or lower-end consumers taking more loans and spending less”. That could be welcome news for policymakers at the Federal Reserve as they prepare to meet this week to discuss when to start lowering borrowing costs.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Imminent Man City transfer exit set to boost earnings but at £3m lossManchester City are close to sanctioning their first major transfer exit of the summer, with a two-time Premier League champion and treble-winner set to depart.
Fonte: MENnewsdesk - 🏆 23. / 69 Consulte Mais informação »

Wall Street’s upbeat earnings expectations set high bar for US companiesAnalysts expect an uptick in earnings from corporate America will make up for tech sector slowdown
Fonte: ftenergy - 🏆 47. / 63 Consulte Mais informação »

Exxon Sees Higher Oil Prices Raising Upstream EarningsExxonMobil expects its upstream earnings to be up to $700 million higher for the second quarter compared to the first quarter of the year
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »

Market Drayton club triples weekly earnings in one England gameAn RBL club and more are enjoying soaring takings in Shropshire.
Fonte: BBCShropshire - 🏆 86. / 53 Consulte Mais informação »