US Real Consumer Spending QoQ 2nd Est (Q4) Q/Q 2% vs. Exp. 2.4% (Prev. 3.5%)
The US real consumer spending for Q4 came in at 2%, falling short of the expected 2.4% and down from the previous print of 3.5%.
US Secretary of War Hegseth says that there is no clear evidence that Iran has laid mines in the Strait of Hormuz
Daily US Equity Opening News - ADBE falls after announcing CEO to step down; META delays Avocado AI model
US Real Consumer Spending QoQ 2nd Est (Q4) Q/Q 2% vs. Exp. 2.4% (Prev. 3.5%)
NBP's Maslowska says the Bank may only hike if CPI shocks are sustained
General Caine says US forces are continuing to go after Iran's mine-laying capabilities
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This miss suggests a weakening consumer demand, which may influence economic growth forecasts and keep pressure on the Federal Reserve regarding future rate decisions.
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