Poor Consumer Sentiment To Weigh Heavily On Spending

Consumer sentiment is a "watch what we do, not what we say" story, says Alexander Reed. He and Lorenzo Esparza discuss the big takeaways from today's consumer sentiment report. Alexander notes that lower income households continue to feel the brunt of pain, and he expects the poor sentiment to weigh more heavily on spending in the months ahead. Lorenzo mentions that the odds of a recession have risen, but we are not in a recession yet. They then preview the expectations for the Fed meeting on March 22nd. Tune in to find out more about the stock market today.