Consumer Cos Up After Fed Cut - Consumer Roundup

Dow Jones

Dec 11

Consumer companies rallied after a Federal Reserve rate cut.

Consumer spending has been solid, and looks set to continue that way, said Fed Chairman Jerome Powell.

The central banker acknowledged concerns about a "K-shaped recovery," where lower income consumers are being forced to "tighten their belts" even as owners of stocks and property are able to spend more freely.

Online pet-supplies retailer Chewy logged higher third-quarter profit and revenue but gave a bleak outlook for the fourth quarter.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

December 10, 2025 16:53 ET (21:53 GMT)

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