🚨 In the news: Is Powell's warning about consumer resilience cracking?
The question of $18.6 trillion: How long can American consumer spending continue without job growth?
Data indicates rising debt and increasing delinquencies, especially for low-income groups. With job creation slowing, the spending engine is at risk of stalling. Powell's focus on a weak labor market indicates that the Federal Reserve is aware of this structural risk.
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The market is ignoring the growing threat of consumer-led weakness in 2026.
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