The Fed, Earnings, and EV Chargers
Bloomberg Intelligence
00:00
The Decline of Consumers in the Second Quarter
The delinquency rates in the second quarter, as I said, went up. They went up less than they did in the first quarter or what that's worth. People on the lower end of the FIFO tier are being more delinquent in their payments than those at the higher level of the F IFO tier. How long do the executives of American Express and others see some of this weakness? It's very difficult to predict by what we can say if we look at longer periods. But so far, the consumer is holding up better than expected.
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