The Consumer Recession Is Already Here (Chipotle Just Confirmed It) episode artwork

EPISODE · Oct 31, 2025 · 16 MIN

The Consumer Recession Is Already Here (Chipotle Just Confirmed It)

from Eurodollar University · host Jeff Snider

The reason why Fed Chair Jay Powell didn’t want to commit to a December rate cut is simple. A number of voting members at the FOMC are not convinced the weak labor market is actually all that weak. Sure, the numbers don’t look good, but they’re wonder if it is real. Well, Chipotle and Kraft-Heinz would like to answer them with a pair of serious warnings about what they’re seeing from consumers.  Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------Bloomberg Fed Cuts Rate by Quarter Point, With Dissents on Both Sideshttps://www.bloomberg.com/news/live-blog/2025-10-29/fomc-rate-decision-and-fed-chair-news-conferenceBloomberg Chipotle Falls Most Since 2012 After Warning Over Diner Pullbackhttps://www.bloomberg.com/news/articles/2025-10-29/chipotle-cuts-outlook-for-third-time-in-2025-on-weaker-trafficWSJ Kraft Heinz Lowers Full-Year Outlook on Weak Consumption Trendshttps://www.wsj.com/business/earnings/kraft-heinz-khc-q3-earnings-report-stock-2025-a4c6430eYahooFinance Kraft Heinz bearish on outlook amid volume decreases ahead of splithttps://finance.yahoo.com/news/kraft-heinz-bearish-outlook-amid-173322392.htmlConference Board https://www.conference-board.org/topics/consumer-confidence/https://eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The reason why Fed Chair Jay Powell didn’t want to commit to a December rate cut is simple. A number of voting members at the FOMC are not convinced the weak labor market is actually all that weak. Sure, the numbers don’t look good, but they’re wonder if it is real. Well, Chipotle and Kraft-Heinz would like to answer them with a pair of serious warnings about what they’re seeing from consumers.  Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------Bloomberg Fed Cuts Rate by Quarter Point, With Dissents on Both Sideshttps://www.bloomberg.com/news/live-blog/2025-10-29/fomc-rate-decision-and-fed-chair-news-conferenceBloomberg Chipotle Falls Most Since 2012 After Warning Over Diner Pullbackhttps://www.bloomberg.com/news/articles/2025-10-29/chipotle-cuts-outlook-for-third-time-in-2025-on-weaker-trafficWSJ Kraft Heinz Lowers Full-Year Outlook on Weak Consumption Trendshttps://www.wsj.com/business/earnings/kraft-heinz-khc-q3-earnings-report-stock-2025-a4c6430eYahooFinance Kraft Heinz bearish on outlook amid volume decreases ahead of splithttps://finance.yahoo.com/news/kraft-heinz-bearish-outlook-amid-173322392.htmlConference Board https://www.conference-board.org/topics/consumer-confidence/https://eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

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The Consumer Recession Is Already Here (Chipotle Just Confirmed It)

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This episode was published on October 31, 2025.

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The reason why Fed Chair Jay Powell didn’t want to commit to a December rate cut is simple. A number of voting members at the FOMC are not convinced the weak labor market is actually all that weak. Sure, the numbers don’t look good, but they’re...

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