Consumer Spending
U.S. Consumer Spending Records Sharpest Decline in Four Years as "Tariff Fatigue" and Wage Volatility Chill 2026 Growth
The American consumer, long the indomitable engine of the global economy, appears to be finally losing steam. Fresh data released in late January 2026 confirms a sobering reality: U.S. consumer spending has fallen by its widest margin in four years, mirroring the structural weaknesses first glimpsed during the "