Hispanic Consumers Spend Less Over Inflation, Immigration Fears

A shopper in the Union Square area of San Francisco, California.

Photographer: David Paul Morris/Bloomberg

One of the fastest-growing groups of US consumers is hitting the brakes.

What started a few months ago with makers of beer brands like Modelo warningBloomberg Terminal of a pullback among Hispanic customers as anxiety about immigration raids and tariffs set in has now extended to other parts of the economy.