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The Powell-Trump Clash Is Set To Escalate

Source: SeekingAlpha

2025-07-10 09:50:00 ET

By James Knightley

Consumer caution weighs on growth

2025 and 2026 consensus forecasts for GDP growth have fallen from 2.2% to 1.5% since the start of the year, with the consumer at the heart of the problem. Sentiment has soured, and this has led to consumer spending plateauing over the past six months after having been the engine of growth since the end of the pandemic....

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The Powell-Trump Clash Is Set To Escalate
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