Yahoo Finance5/22/2026Business
Powell's Final Press Conference: Consumers Still Spending, But Cautious
Fed Chair Jerome Powell highlights resilience in consumer spending, while CEOs from Tractor Supply, Home Depot, and Kraft Heinz offer varying perspectives.
Quick Look
- In his final press conference as Federal Reserve chair, Jerome Powell noted that consumers continue to spend despite economic shocks.
- However, CEOs from Tractor Supply, Home Depot, and Kraft Heinz report cautious spending behavior, especially among lower-income customers.
- Argus expects 2Q GDP growth of 2.2%.
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In his final press conference as Federal Reserve chair, Jerome Powell noted that consumers continue to spend despite economic shocks. However, CEOs from Tractor Supply, Home Depot, and Kraft Heinz report cautious spending behavior, especially among lower-income customers. Argus expects 2Q GDP growth of 2.2%.
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This article was originally published by Yahoo Finance.
