Fitch says US consumer spending strengthens amid affordability strain; market downturn key risk
SPY•Fitch says US consumer spending is strengthening and expects consumer resilience to continue, while an equity market downturn, rising interest rates and persistent inflation remain risks.
1. Consumer outlook
Fitch says US consumer spending is strengthening despite affordability strain and expects consumer resilience to continue. It identifies an equity market downturn, rising interest rates and persistent inflation as risks to the consumer outlook.
