Next Year Won't Be Profitable, FedEx Stumps Investors

FedEx disappointed investors on Tuesday by predicting the coming year won’t be quite as profitable as they had hoped, Brian Swint reported for Barron’s Daily.

Photo Insert: The company's earnings report gets to the nub of the tension between expectations and what is actually happening.

FedEx is seen as a bellwether of consumer spending, so it’s worth picking apart these results for any signs a possible recession that has been long predicted will finally come to pass.

The earnings report gets to the nub of the tension between expectations and what is actually happening.

The bottom line is that consumers aren’t acting like they’re in bad shape, even though they should be in theory.

A huge jump in interest rates, persistent inflation, the depletion of pandemic-era savings and worries about the economic outlook have stoked fears of a consumer-led recession for months now. But it hasn’t come.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic