The president of the Federal Reserve of Richmond, Thomas Barkin, declared on Wednesday that the greatest risk that is observing is a retraction in consumer spending, most of the American economy, which did not happen, also with the fall of the actions in the middle of the concern for the effect of US tariffs and the climbing of the commercial war.
“People are reducing air travel, but we have not heard it on what I still call daily spending … for me, it is a sign when you start talking to companies that say” man, only traffic ” – you haven’t heard it yet, but we will see Washington DC Economic Club.
“A correction in the stock market is not what leads to a retraction of consumers. It is a sort of widespread belief that things are going downhill.”
Source: Terra
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