Published: Apr 24, 2026, 09:15 IST | Updated: Apr 24, 2026, 09:15 IST
The latest data shows US consumer spending growth slowing sharply to just 0.8%, signaling mounting pressure on the world’s largest economy. Analysts warn that weakening consumption a key driver of US GDP could point toward a broader economic slowdown, with concerns rising over inflation stickiness, high interest rates, and declining household demand.