The article discusses signs of slowing consumer and business demand in the economy, following years of steady growth. Sentiment indicators suggest that factors like economic uncertainty, tariff threats, and federal government cutbacks are influencing spending plans. Major airlines have reported weaker demand for flights, attributing this to reduced government-related travel and corporate caution over trade uncertainties. Delta CEO Ed Bastian noted a shift in corporate spending sentiment, raising concerns that smaller firms vital for job growth may also feel the impact as economic conditions evolve.
"The government contractors, the aerospace and defense business - certainly the employees that feel threatened as to whether they're going to have a job are not out there spending money traveling." - Delta CEO Ed Bastian
"We saw in February a pretty significant shift in GDP sentiment and the output and the confidence signals that we monitor." - Delta CEO Ed Bastian
"It is unclear whether a similar cooling of demand is underway across the economy. But the anecdotes can't be ignored..."
"Weak sentiment is carrying over into weaker buying."
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