Can the US Consumer Prevent a Recession?

Can the US Consumer Prevent a Recession?

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For your information, you can find below the description of the video Can the US Consumer Prevent a Recession? published by the Youtube channel Bloomberg Television:

US GDP again beat expectations for the first quarter, with the Commerce Department’s second estimate of 1.3% exceeding market forecasts of a 1.1% increase. As high inflation and interest rate hikes weigh on the economy, continued growth is increasingly reliant on resilient consumer spending. Can the US consumer prevent the economy from slipping into recession?  Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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