Daybreak Weekend: Davos Preview, Oil Volatility, Mester Speaks, Iowa Caucuses
Bloomberg Daybreak: US Edition
00:00
Strength of U.S. Consumer and Potential Slowdown in Spending
The chapter discusses the strength of the U.S. consumer based on holiday and fourth quarter retail sales, highlighting the positive performance of online sales. It also explores underlying factors suggesting a slowdown in consumer spending, such as inflation and higher borrowing costs. The impact of these costs on lower-income consumers is emphasized, while higher-income earners continue to support overall spending numbers.
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Transcript
