"US consumers are likely to cut back, which could harm the economy and stocks."

"US consumers are likely to cut back, which could harm the economy and stocks."

According to Bloomberg’s most recent Markets Live Pulse survey

US consumers are on the verge of reducing their spending

More than half of the 526 survey respondents believe that personal consumption, a critical driver of economic growth, will decline in early 2024

This change in consumer sentiment stands in contrast to the prevailing optimism in US equity markets

If consumer spending contracts, and economic growth stalls, this could lead to further declines in stock markets

Currently, the US economy seems to be accelerating, thanks to increased household spending.

Although economists at Goldman Sachs anticipate continued strong consumer performance in 2024

Investors are closely monitoring various indicators to gauge consumer behavior, ranging from traditional measures

Moneyjugaad.comcom

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