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0 -0.000195439739413688 -0.00032573289902269 -0.000651465798045566 3.25732899022505E-05 -0.00143322475570032 -0.00162866449511401 -0.00775244299674266
Stock impact report

Goldman Sachs warns US consumers could have a challenging few months [Yahoo! Finance]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
And the weakness could be pronounced, Goldman warned in a new note on Tuesday. What Goldman warned about the consumer: Goldman strategist Ronnie Walker said, "What originally appeared to be a solid year for consumer spending has quickly become more challenging. ... We expect weak real consumption growth over the coming months." Why now: It all boils down to the impact of far higher gas prices. "Gasoline prices have increased by nearly 40% since the war began, representing a roughly $140 billion annualized headwind to household incomes at current levels," Walker wrote. "Under our commodity strategists' baseline forecast where Brent [crude oil] returns to $80/bbl by year-end, we expect this headwind to shrink to $60 billion annualized by year-end but total $70 billion for 2026 as a whole. Higher gasoline prices disproportionately weigh on the spending of households in the lowest income quintile — who spend roughly four times as much on gasoline as a share of after-tax income comp Show less Read more
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