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PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers-and weak job growth could put them over the edge

Consumer spending held in July overall, but discretionary services fell, signaling early tariff-driven pressure and a shift toward stagflationary risks.

US politics

fromwww.mediaite.com

3 weeks ago

Fed Chair Powell Warns of High Uncertainty' With Consumer Prices in Coming Months Says Impact of Tariffs Now Clearly Visible'

Tariffs are already pushing up consumer goods prices with uncertain timing and magnitude, likely causing a short-lived one-time upward shift in the price level.

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#pce#pce

PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers-and weak job growth could put them over the edge

Fed Chair Powell Warns of High Uncertainty' With Consumer Prices in Coming Months Says Impact of Tariffs Now Clearly Visible'

#pce
#pce