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According to a Bloomberg survey, the American consumer, who previously fought off a US recession, is now expected to succumb. Markets are optimistic about potential rate cuts next year, but this is seen as a double-edged sword. Wholesale used car prices have fallen, indicating a moderation in inflation. Despite this, American consumers are still spending, and a soft landing may be in sight, although potential challenges remain. Central banks in the US, euro zone, and the UK have paused interest rate hikes, while their Nordic counterparts are uncertain. Inflation has decreased over the past year, with some prices showing signs of outright decline. Used car prices have continued to decline, with faster than usual decreases, leading to emerging deals. Despite falling inflation and low unemployment, most Americans hold a pessimistic view of the economy.
Despite falling inflation and near-record employment, polls and surveys show that most Americans hold a glum view of the economy. https://t.co/gTDROjWNsx
Why Americans feel gloomy about the economy despite falling inflation and low unemployment https://t.co/UQCmU5jTIj
Used car prices still declining. Down ~2% in the last 2 weeks. That’s 2X faster than usual (for month of November). Some deals starting to pop-up.
Over the last year, inflation has come way down — but prices are still rising, just less quickly than they once were. There is a new hint that some prices are now on track to fall outright. https://t.co/F3opjN5I7A
Central banks in the US, euro zone and the UK are done raising interest rates for now, but their Nordic peers aren’t so sure https://t.co/DWMqqO0XkP
Central banks in the US, euro zone and the UK are done raising interest rates for now, but their Nordic peers aren’t so sure https://t.co/W8n8J8u65a
Central banks in the US, euro zone and the UK are done raising interest rates for now, but their Nordic peers aren’t so sure https://t.co/8UnhX135MV
After two years of sustained spending, rising interest rates, and punishing inflation, American consumers are still on a roll. A soft landing may be in sight, but there are still some potential bumps along the way. https://t.co/4Cu3FArQuf https://t.co/TiJ4qqiMPu
More fuel for the inflation-is-moderating fire. Wholesale used car prices fell -5.3% y-o-y & -1.6% m-o-m in mid-November. Vs November 2021 (kinda the peak of pandemic supply chain driven inflation), prices are down -18.7%. https://t.co/wkpr6Bsjks
More fuel for the inflation-is-moderating fire. Wholesale used car prices fell -5.3% y-o-y & -1.6% m-o-m in mid-November. Vs November 2021 (kinda the peak of pandemic supply chain driven inflation), prices are down -18.7%. vs March 2020(before pandemic shutdowns, these are… https://t.co/sdn0qKjqmA https://t.co/yOh8ISQKPC
More fuel for the inflation-is-moderating fire. Wholesale used car prices fell -5.3% y-o-y & -1.6% m-o-m in mid-November. Vs November 2021, prices are down -18.7%. vs March 2020(before pandemic shutdowns, these are mid-month numbers): - used car prices are now only up 5.5%… https://t.co/M8rgVJc8Ou https://t.co/Pyh7izHZoE
Markets are cheering the prospect of rate cuts next year, but it's a double-edged sword https://t.co/erPZ37a6fI
The American consumer, who did a heroic job fighting the odds of a US recession, is about to give in, according to the latest Bloomberg survey https://t.co/klMFCPk1hm