Consumer spending is weakening, the job market is getting worse, and investors love it

fortune.com/2025/07/01/stocks-consumer-spending-job-market

U.S. stock futures were down marginally by 0.2% this morning following another all-time high by the S&P 500 index yesterday. Macro data is starting to look weaker—consumer spending was down in May and the job market is getting worse for employees. That suggests the Fed may cut rates in…

This story appeared on fortune.com, 2025-07-01 09:56:54.
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