Consumer Confidence Signaling ‘Significant’ Economic Deceleration Ahead?

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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