Consumers Not as Flush: The Spending Slowdown
Update: 2025-10-16
Description
Richmond Fed President Thomas Barkin says the pandemic-era spending spree is over: Americans are no longer flush with cash. Despite low unemployment and rising wages, stimulus money is gone, leading to cautious budgeting and trade-offs. This pullback in consumer spending, a major economic driver, could signal slower growth ahead, making everyone watch shoppers' next move closely.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
