{"id":74204,"date":"2022-10-19T00:32:00","date_gmt":"2022-10-18T20:32:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74204"},"modified":"2022-10-18T22:53:12","modified_gmt":"2022-10-18T18:53:12","slug":"fitch-more-aggressive-policy-to-impact-consumer-spending-in-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fitch-more-aggressive-policy-to-impact-consumer-spending-in-2023\/10\/19\/market-updates\/","title":{"rendered":"Fitch: More aggressive policy to impact consumer spending in 2023"},"content":{"rendered":"\n<p>Fitch says it expects a very strong consumer balance sheet, the strongest labour market in decades to cushion the impact of likely recession starting in the second quarter, of 2023.<br><br>It is worth noting that the 2-year yield is under pressure which has left the US dollar hanging out to dry below last week&#8217;s low. However, should both of their trendline supports hold up, we could see some upward pressure in both assets.<br> <br><strong>Key Quotes<br><\/strong><br>Fitch, on the US says the Fed\u2019s aggressive tightening cycle will increasingly weigh on job growth and consumer demand in 2023.<br><br>A drag on real wages from high inflation will prove to be too much of a drain on aggregate household income and consumer spending.<br><br>Further aggressive interest rate policy and higher inflation pose risks to consumer spending in 2023.<br><br>A slowdown in job growth and rising unemployment in 2023 will take a wider toll on consumer spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch says it expects a very strong consumer balance sheet, the strongest labour market in decades to cushion the impact of likely recession starting in the second quarter, of 2023.It is worth noting that the 2-year yield is under pressure which has left the US dollar hanging out to dry below last week&#8217;s low. However, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9563,7196,8143],"class_list":["post-74204","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aggressive-tightening","tag-fitch","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74204"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74204\/revisions"}],"predecessor-version":[{"id":74213,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74204\/revisions\/74213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53410"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}