Wall Street sees no ‘material drawback’ in stocks thanks to consumers, says Fed’s Hammack—problem is, shoppers are increasingly shaky

fortune.com/2025/09/29/wall-street-no-drop-priced-fed-hammack-consumer-sentiment

U.S. markets are riding record highs on optimism that consumers will keep spending. But confidence is weakening amid a stagnant jobs market and tariff-driven inflation. Cleveland Fed President Beth Hammack said markets remain bullish, yet consumer sentiment surveys show sharp declines,…

This story appeared on fortune.com, 2025-09-29 11:00:10.
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