Wall Street Turns Its Back On Consumer Stocks As Fuel Costs Soar And Yields Surge
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Source: Zero Hedge
Published: 2026-09-22 03:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Transport, Financial Markets
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Snippet:
US gasoline prices near $4.44 a gallon at the pump, record diesel prices of $6.40 a gallon, and the Federal Reserve's interest-rate hike this week, its first since July 2023, are compounding pressure on household budgets and borrowing costs. Against that troubling backdrop, UBS warns that Wall Street is "turning more skeptical on consumer recovery."
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