MarketWatch: “Pressure on consumers from higher interest rates is the most since the financial crisis, economist says”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Jessica Rabe:
.... "Jessica Rabe, co-fonder of DataTrek, noted that the latest Beige Book contained 15 references to recession, up from three in the July report, and that most districts reported higher delinquencies on consumer credit lines.
“[T]he Fed’s latest Beige Book suggests the U.S. economy is slowing and consumers are growing more price sensitive, a potentially cautious sign for corporate earnings reports in the back half of this year,” said Rabe"....
Full article here on MarketWatch.
