Is the US consumer finally running out of gas?

CFRA chief investment strategist Sam Stovall says US consumers are being 'cautious' about their purchases going into 2023. #FOXBusiness

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[garybutler]

Our time has indeed reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.

[lplp]

Rent hasn’t decreased in price.
Food hasn’t decreased in price.
Fuel hasn’t decreased in price.

[stuartwilkison]

7% infltion? Do these people ever shop? Way off.

[cobra]

This is what build back better looks like.

[yogidemis]

I hope people are going to get ready for what 2023 is going to bring. It's gonna get a whole lot worse next month. It would be a good idea to stock up on supplies, less expensive now than later. In Bidens economy I expect the worst.

[Nkemjo]

These are historically very high inflation rates. The inflation is still sky high yet they think the market can only improve. Utter madness!

[bensmith]

When a McDonald’s “value meal” for lunch is over $10, you know we’re screwed.

[jamieprewitt]

Meanwhile Main Street is down 50% good luck with the lies

[jimwhitman]

Wait.. remember all the high fertilizer prices? It's winter in America, we farm in the spring. Just wait until those prices trickle-down into your budget.

[bluesman]

I think it's a temporary surge.. people are buying last minute items before it's unaffordable.

[billyhillk]

NO. We're running out of patience 🔥🔥

[noellemineo]

Here in Orlando, FL they told us 2 days ago the Orlando International Airport has almost run out of jet fuel.

[agoogleaccount]

This small jump happens every year it's Christmas shopping ..the real issue will be seen in January

[jennifervondeylen]

Consumer here, we are barely keeping our heads above water. Some of us don't believe in credit cards.

[JeffreySmith]

Bacon from $3.99 to $9.99 That's more than 7% in my book.

[testudo]

We are already in recession I don’t trust this guy

[crazedgoldminner]

And this gentleman doesn't think there's a recession maybe he needs to get out of his gated community a little bit and take a look around

[hotrod]

I was at a seafood restaurant last eve & the shrimp & oyster prices had risen 100% in a year... I was shocked and I'm in Houston, TX, 45 minutes to the Gulf of Mexico! Smh...

[martinphillips]

Regardless of what he saying, we the consumer see it every day, it's bad and Wallstreet is slow 🐌 to react.

[JTDyer]

A slow down is very likely as the American people can only use credit cards for so long to deal with this inflationary mess. To what extent and how long the slow down may last isn't certain but we do know inflation is alive and well, especially with the housing market and grocery prices. As a result it behooves investors to begin beefing up emergency savings to safeguard their investments from an unexpected job loss.