Cramer points to signs the economy is slowing that could bring rate cuts from the Fed
by CNBC
CNBC— CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.
AP News—Affluent Americans are driving US economy and likely delaying need for Fed rate cuts. Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.
NBC News—Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts. Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain. “I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in...
Benzinga—Stagflation Spectre Haunts US Economy: Experts Warn On Slow Growth And Inflation After Fed Officials Float Rate Hike Ideas. The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more