Aug 21, 05:16 PM

Fitch Says U.S. Consumer Spending Falters as Tariffs Stoke Inflation

Fitch Ratings said U.S. consumer spending has slowed sharply, warning that households are feeling the combined drag of a weakening labor market and higher prices stemming from the 145% tariff on Chinese imports that took effect in April. The rating agency noted that inflation remains elevated even as payroll growth cools, eroding disposable income and prompting more middle-income families to pare back purchases. Retail-sector earnings earlier this week suggested the resilience seen in prior quarters may be fading, Fitch added.

#Fitch #Chinese

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MacroEdge@MacroEdgeRes
1 year ago
Fitch : U.S. Consumer Spending Slows Sharply as Labor Market Weakens, Tariffs Raise Inflation Middle class tapping out #MacroEdge
First Squawk@FirstSquawk
1 year ago
Fitch Ratings: U.S. consumer spending is slowing sharply, pressured by a weakening labor market and rising inflation from tariffs.
Markets News@MarketsDotNews
1 year ago
Fitch Ratings reports a sharp slowdown in US consumer spending amid a weakening labor market and rising inflation driven by tariffs.

Fitch Says U.S. Consumer Spending Falters as Tariffs Stoke Inflation

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