fed press_conference, 2025-10-29
We are—if you listen to the earnings calls or the reports of big, public, consumer-facing companies, many, many of them are saying that there’s a bifurcated economy there and that consumers at the lower end are struggling and buying less and shifting to lower-cost products, but that at the top, people are spending at the higher income and wealth, and they’re—so much, much anecdotal data on that.
Sentiment: neutral
Topic: mp_economic_activity