Healthy Consumer Spending Owes To Covid Savings, Which Are Being Run Off, Higher Interest Rates To Hurt Even More

posted in: Credit, Economy | 0

US consumer spending is holding up, even as manufacturing is under tremendous pressure. Consumers have been dipping into savings owed to loads of government stimulus post-Covid. Bank deposits remain healthy but at the same time the rate of change year-over-year … Continued

Given Sticky Inflation, Fed Has No Choice But To Engineer Economic Contraction

posted in: Credit, Economy, Equities, Technicals | 0

The fed funds rate has gone up more than 450 basis points since last March, and more tightening is on the way. This is yet to sufficiently make a serious dent in consumer inflation, even as economic data particularly surrounding … Continued