U.S. consumers are wilting under renewed stagflation risks
The economy is slowing. Price pressures are not.
The U.S. financial system's key boost driver faces definitely one of the well-known best pullbacks for the reason that depths of the Covid pandemic, while designate pressures proceed to build, sparking scrape about renewed stagflation risks within the early days of President Donald Trump's administration.
Particular person spending, which at present and circuitously powers round two-thirds of U.S. financial boost, suffered about a of the very best declines in as a minimal three years all thru the principle two months of 2025.
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