Consumers Hanging In There (For Now)

Bob Elliott · Nonconsensus · March 25, 2026 at 10:28 · ⏱ 3 min read  | Read on Substack ↗
TLDR
The article analyzes consumer resilience amid geopolitical tensions with Iran and rising oil prices, noting that timely data shows spending remains strong. A swift resolution could boost economic growth, but prolonged conflict risks consumer withdrawal and economic downturn. • The administration is signaling efforts for a deal with Iran, but uncertainty creates market volatility. • The author advises humility and low risk-taking in such unpredictable environments. • Consumer demand is critical for sustaining US economic expansion. • Data from Redbook, Chase, Bank of America, Open Table, and hotels indicates consumer spending is holding up well. • A swift resolution of the conflict could return the economy to a positive trajectory, offering modest upside to markets. • The longer the conflict and oil price pressures last, the more likely consumers will pull back, threatening growth.
Full Analysis

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Read time 3 min
Length 3,818 chars
Category finance
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