Former Boston Fed Pres.: Investment spend a catalyst
Former Boston Federal Reserve President Eric Rosengren attributes the recent weakness in retail sales to higher oil prices pressuring consumer spending, while noting that AI and technology investments are driving significant portions of overall investment spending. He suggests that divergent economic forces are creating a mixed picture, with consumer-facing sectors struggling even as business investment remains robust.
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Former Boston Fed Pres.: Investment spend a catalyst
Former Boston Federal Reserve President Eric Rosengren attributes the recent weakness in retail sales to higher oil prices pressuring consumer spending, while noting that AI and technology investments are driving significant portions of overall investment spending. He suggests that divergent economic forces are creating a mixed picture, with consumer-facing sectors struggling even as business investment remains robust.
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