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	Podcast:		Eurodollar University
	Episode:		New Data is Screaming a Full Blown Recession is Confirmed
	Category:		Business
	Duration:		00:15:57
	Publish Date:		2024-06-19 11:00:00
	Description:		The data continues to pour in showing US consumers have indeed hit the wall. Spending is down according to a variety of sources, including the latest update on retail sales for May. There is also a growing body of evidence indicating there is more weakness to come starting with summer vacations. All this indicates the chances of full-blown recession are rising sharply. Eurodollar University's Money & Macro Analysis CNN Evidence is mounting that the American shopper is cutting back https://edition.cnn.com/2024/06/18/economy/us-retail-sales-may/index.html McKinsey & Company An update on US consumer sentiment: Are consumers on the cusp of a shift? https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/the-state-of-the-us-consumer Deloitte Summer Travel Survey 2024 https://www2.deloitte.com/content/dam/insights/articles/us187281_cic_summer-travel/DI_2024-summer-travel.pdf Federal Reserve Beige Book May 29, 2024 https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20240529.pdf https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months. Sign up below: https://event.webinarjam.com/channel/rates
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