Renmac

Economists and market analysts have been prophesying a recession since mid-2022, with their forecasts falling into what appears to be a constant echo chamber. What Happened: Neil Dutta, head of economics at Renaissance Macro Research, challenged the narrative, arguing that clinging to dire...

A slowdown in consumption in March appears to have unwound in April, according to the latest weekly payment card transactions data from the Bureau of Economic Analysis (BEA), indicating consumers are shrugging off the chance of a recession. What Happened: Card spending advanced by 15.5% for the...