Spotlight: Consumers versus the Fed There have been conflicting views on US consumer fundamentals, where consumer demand and its impact to the economy is at a crossroad. Growth in demand for resources provided the economy with an upward momentum, which led to interest rate hikes. This causes concerns that the Fed may be overreaching. On the other hand, there are expectations that consumer spending growth will decline this year, though not to a point of contraction. What is relevant to forward-looking financial markets in 2022 is the pace of moderation as determined by the Federal Reserve’s actions. Find out more by accessing Citi’s latest wealth insights at www.citi.asia/cvf Disclaimer: This article is provided for general information only and is not intended as a recommendation or an offer or solicitation for the purchase or sales of any security or currency. If you are considering an investment, you should seek independent advice on the suitability or otherwise of the particular investment. The contents of this article have not been reviewed by the Securities Commission Malaysia. Investment products are not deposits and are not obligations of, not guaranteed by, and not protected by, Citibank Berhad, Citibank N.A., Citigroup Inc. or any of the affiliates or subsidiaries, or by Perbadanan Insurans Deposit Malaysia (PIDM), any government or insurance agency. Investment products are subject to investment risks, including the possible loss of the principal amount invested.