“I don’t think the U.S. consumer has grown numb or blind to the headlines and economic risk—over the past month we’ve seen some sentiment scores rise slightly, but we have to think about where they were rising from,” Elizabeth Renter, senior economist at NerdWallet, said in a note on Friday. As a result, it’s getting harder to dismiss the so-called soft data on the economy and focus instead on the hard data. “Unlike a few years ago, the ‘vibes’ now stand to have a greater impact on behavior, and thus the health of the economy,” Renter wrote.
Author: Jason Ma
Published at: 2025-06-21 21:27:45
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