News with the tag "consumer spending"

In the fast-paced world of cryptocurrency and decentralized finance, keeping an eye on traditional financial markets is crucial. Why? Because movements in major currencies like the British Pound (GBP), often mirrored in forex markets, can signal broader economic trends that ripple across all asset c...

Cryptocurrency markets often react to traditional market shifts, and the recent dollar pullback is no exception. The greenback’s stumble comes as retail giant Walmart issued a cautious sales outlook, sending ripples of concern through the US economy. But what does this mean for you, and how might it...

In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may n...

A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predic...

Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a season...