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Zooming In: Sector Outlook: US Consumer Discretionary and Staples

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Zooming In: Sector Outlook: US Consumer Discretionary and Staples

by Neha Sahni, Director, Global Market Strategist, HSBC Private Bank and Premier Wealth
Oct 14, 2025

The US administration’s Liberation Day tariff announcement reignited debates around US inflation and growth – but beyond those headlines, is also reshaping expectations for the US consumer from essentials to discretionary buys.

So how strong is the American shopper today? Are prices starting to bite, or is the confidence holding up? Where do potential opportunities lie? We break these down on what’s really happening across staples and discretionary in our latest Zooming In episode featuring Neha Sahni, Director, Global Market Strategist and Meredith Jensen, Senior Analyst - US Consumer, HSBC Global Investment Research.

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Welcome to the latest episode of Zooming In series where Neha Sahni, Director, Global Market Strategist, and Meredith Jensen, Senior Analyst - US Consumer, HSBC Global Investment Research, talk about our sector outlook on US Consumer Discretionary and Staples.

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