23 June 2025 US Monitor Consumption looks vulnerable to the looming real-income shock
19th Jun 2025 13:07USWeekly Monitor
- Real income growth has already slowed significantly, and will grind to a halt as tariffs boost consumer prices.
- Spending growth likely will soften too; households’ balance sheets are less supportive than post-Covid.
- We expect growth in consumers’ spending to slow just 1% by Q4, down from nearly 3% in Q1.
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