American consumers started the year on shaky footing but a bounce back could be in sight.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeare some of the major automakers that are scaling back or delaying their EV plans. This comes as the sector sees lower rates of growth and a slower pace of adoption than previously expected.have caused staff to leave the company and that he expects to see more walk out.
Ukraine war live updates: U.S. brushes off Putin's ‘nuclear war' threat; Ukraine's forces shelling nuclear plant, Russia claimsFebruary's retail sales data will be in focus today and should bring insight into the state of the U.S. economy."Even as we anticipate a moderation in spending this year, we believe the January slowdown somewhat overstates the near-term pullback in consumption.
"Most households have run down the excess savings accumulated during the pandemic, while the cost of credit has jumped and last year's plunge in home sales has depressed demand housing-related retail items like furniture and appliances."The report is the last major piece of economic data to be released prior to the central bank's policy meeting next week.
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