Consumer spending remains positive and was the major driver of GDP growth in 2024. It will be important to watch for signs of decelerating consumer spending for its impact on US growth but for now, ...
If all of President Donald Trump's tariffs are implemented, it could create a trade war with back-and-forth retaliatory tariffs, which might raise consumer costs and unemployment rates.
Higher mortgage rates may be making it harder for homebuyers, but they may have actually helped restore balance to the housing market, which has been out of whack for many years.