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PODCAST
Oct 14, 2023
23:54 min MINS
Ep. 189 - A consumer carol: Outlook for US holiday spending
Our forecast for US holiday sales is looking "delightfully average," according to Michael Zdinak, director, US economics, S&P Global Market Intelligence. Consumer spending has shown resilience to tightening financial conditions, thanks to a strong labor market and rising wages.
Banks, meanwhile, are eyeing deposit levels and delinquencies as interest rates have crept higher and inflation persists. Delinquencies are rising — but from historically low rates, said Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence and host of the Street Talk podcast.
Listen to Michael and Nathan talk about how the outlook for US holiday spending is likely to impact banks, retailers, the economy, and the Fed's next move.
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Speakers: Nathan Stovall, Director of financial institutions research, S&P Global Market Intelligence
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