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US Consumer Spending Strengthens Amid Affordability Strain; Market Downturn Key Risk

U.S. consumer spending rebounded strongly after a slow start to 2026, supported by a strong labor market, rising household wealth and lower saving, according to a new report from Fitch Ratings. While Fitch expects consumer resilience to continue, a prolonged equity market downturn, rising interest rates and persistent inflation remain key risks to the consumer outlook. [....]