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Early Morning with Dave

Has the Consumer Recession Finally Arrived?

Beige Book puts a spotlight on the consumer recession

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David Rosenberg
Sep 12, 2024
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Highlights

• Beige Book puts a spotlight on the consumer recession

• All eyes are on the ECB meeting (a second rate cut is a foregone conclusion)

• U.S. inflation pressures continue to fade

• China’s oil consumption shrinks for the fourth month in a row

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