Consumers Are Still in ‘Good Shape,’ Powell Says
Barrons·2025-09-17 19:43
Group 1 - The Federal Reserve has cut interest rates by a quarter point and anticipates two more cuts within the year [1] - Despite concerns about the economy reflected in consumer sentiment, household finances are reported to be in good shape overall [1] - Consumer spending has slowed but remains resilient, primarily driven by demand from higher-income consumers [2]