Economy is ‘definitively’ slowing down: Expert
Lebenthal Global Advisors President Dominick Tavella discusses risk of a recession on ‘Mornings with Maria.’
During an interview on "Mornings with Maria," Tuesday, market expert Dominick Tavella said that the economy is ‘definitively' slowing down and that consumers are pulling back on spending.
DOMINICK TAVELLA: The Fed is doing exactly what it said it's going to do, which is to slow the economy down. It's speaking to a real turnover to our clients recently where they were having 10, 15 people bidding on houses. Now it's down to two or three people bidding on houses. So it's clearly starting to have an effect in the economy. The economy's definitively slowing down, whether it's the Fed or higher energy prices.