More signals point to worrysome economy
"If U.S. economy has shown some signs of cooling off? The answer is absolutely sure, that is yes. No matter the labor market, or the perchasing power of consumer both show the signs of weakness. ."
"The unemployment of 4.3% for July is indicating the further deterioration of labor market, also signaling the lagging impact of tightening monetary policy. On the flip side, in terms of the perchasing power of consumer, an uptick in sausage demand can offer the lastest sign of consumers tightening their belts as they continue grappling with high prices. ."
"According to the Dallas Federal Reserve’s Texas Manufacturing Outlook Survey,there has been “modest growth” in the dinner sausage category for one producer,which underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power. Typically, this category tends to grow when the economy weakens. That is sausage is a good protein substitute for higher-priced proteins and can stretch consumers food budgets, especially for low-end consumers and price-conscious shoppers.."
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