While there are reasons to be concerned about the outlook for the US economy, the outlook for the consumer “is looking pretty good”, according to Jeffrey Cleveland, chief economist at Payden and Rygel. He said while there is much uncertainty around what the final outlook for US tariff policy will be, and there were signs of a gentle slowdown in the jobs market, “the hard data related to the US consumer is pretty good”. Read more: https://on.ft.com/4kfkamt