, Columnist
Rate Cuts Can’t Come Too Soon for US Consumers
Pressure is apparent in credit card debt, while there are signs of tectonic plates shifting under the economy.
The Pike Place Market in Seattle, Washington.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
Something is stirring. It’s still too soon to say that the strongest trends of the last year have reversed, but a number are certainly being yanked back, having gone too far. There’s a natural impression that the extraordinary developments of the last few weeks in US politics have something to do with this. That’s only partially true. Here is an attempt at a summary: