Markets 360

US: Q4 frost warning - consumer cold front moving in

Listen Later

Carl Riccadonna, Chief Economist, US

Andrew Schneider, Senior Economist, US 

Andrew Husby, Senior Economist, US  


BNP Paribas | Global Markets (Recorded 10 October 2023)  


  • The US consumer has powered ahead this year, but we see several factors that could slow spending in the near term.
  • Most lower and middle-income households have depleted their excess savings, while interest payments as a share of income look set to approach levels last seen ahead of the global financial crisis. 
  • We expect consumer spending growth to slow sharply this quarter, to just 0.5% q/q saar from a 3.6% Q3 pace.




    • For more information, please refer to : https://bnpp.lk/EyODgb">https://bnpp.lk/EyODgb 


     

    For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf">https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf 


     


    Hosted by Ausha. See ausha.co/privacy-policy for more information.

    ...more
    View all episodesView all episodes
    Download on the App Store
    Markets 360By BNP Paribas Global Markets