U.S. Economic Growth Will Buckle Under Mounting Headwinds

The forecast is that U.S. economic growth will buckle under mounting headwinds early next year, notes Erik Lundh. He discusses how stocks are set to close the week negative. He talks about how U.S. consumer spending has held up remarkably well this year despite elevated inflation and higher interest rates. He goes over preparing for a potential recession. On inflation, he expects to see progress over the coming quarters. He highlights the consumer outlook ahead of the holiday shopping season. He also outlines what we learned from Powell’s speech yesterday. Tune in to find out more about the stock market today.