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Companies are slashing their earnings forecasts as consumer confidence about the future reaches 12-year low

By Yahoo! Finance   |   1 week ago
Companies are slashing their earnings forecasts as consumer confidence about the future reaches 12-year low

In February, personal income rose by 0.8% while spending increased by 0.4%, leading to a higher savings rate of 4.6%. This cautious trend suggests a slowdown in consumer activity as businesses adjust their earnings forecasts amid economic uncertainties.

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