Tag
#Joanne Hsu
Economy
US consumer spending squeeze grows as tax refunds fade
US consumer spending squeeze is set to deepen as tax refunds run out, gas stays above $4.50 a gallon and lower-income households lean on credit.
By Helena Brandt
Economy
Consumer sentiment hits record low as Dow hits record high
The University of Michigan consumer sentiment index plunged to an all-time low of 44.8 in May 2026 even as the Dow Jones Industrial Average closed at a record 51,032, exposing a historic divergence between Wall Street optimism and household financial distress driven by war-fuelled inflation.
By Sloane Carrington
Economy
US consumer sentiment hits May record low on inflation fears
US consumer sentiment hit a record low in May as higher gasoline prices lifted inflation expectations and deepened worries over household finances.
By Helena Brandt
Economy
El-Erian warns US has weeks to avoid recession as gasoline hits $4.39
Mohamed El-Erian says the gasoline surge is becoming a consumer-spending shock, leaving the US only a narrow window to avoid recession.
By Helena Brandt
