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7min chapter
Stephanie Pomboy: The "Spent Up & Lent Up" Consumer Is Tapped Out
Thoughtful Money with Adam Taggart
Consumer Cutbacks and Labor Market Weakness
Exploring the impact of weakening consumer confidence on the job market and service sector, including data from various sectors like restaurant sales, Starbucks, McDonald's, and Tyson Foods. The chapter also delves into concerns over high consumer leverage, potential data flaws in labor market indicators, and the likelihood of the Fed having to reverse rate hikes due to underestimated labor market weaknesses.
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