Market Insight: Middle-income US consumers 'are starting to feel the pressure'

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Published Jul 3, 2024

This week, the US labor market is anticipated to cool down, with the economy projected to have added 190,000 jobs in June, a decrease from 272,000 in May. While a slight slowdown is good news for investors hoping for a rate cut, David Sekera of Morningstar told Reuters job insecurity could add to inflationary pressures that are already weighing on the consumer, and that's bad news for consumer-focused stocks.

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Market Insight: Middle-income US consumers 'are starting to feel the pressure' | REUTERS

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