spawns
Consumer caution weighs on growth
2025 and 2026 consensus forecasts for GDP growth have fallen from 2.2% to 1.5% since the start of the year, with the consumer at the heart of the problem. Sentiment has soured, and this has
The Powell-Trump Clash Is Set To Escalate
Summary
- 2025 and 2026 consensus forecasts for GDP growth have fallen from 2.2% to 1.5% since the start of the year, with the consumer at the heart of the problem.
- Growth challenges are mounting while tariffs will lift inflation, but stagflation fears are wide of the mark.
- The Fed will likely delay rate cuts until the end of the year, despite escalating pressure from the president, but may move in larger steps when it does cut.
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