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US consumers are cautious but still spending: Visa economist
The US economy is showing mixed trends at best as the Trump administration continues to overhaul the global trading system. First quarter GDP fell 0.3%, but is expected to bounce back slightly in the second quarter. Consumer confidence has been on a downtrend. And the world’s biggest consumer companies, including Walmart, Target, and Starbucks, have warned about sluggish spending trends by households. On the flip side, the stock market has recovered from the Liberation Day lows, which has helped to support sentiment among some households. So, where is the economy headed next, given the…
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