The American economy may be on the brink of a consumer-led recession as changes in spending patterns emerge. What Happened: Recent data from the U.S. Census indicate a 1.3% year-over-year drop in retail sales volume over the past quarter. This follows a 4% decrease in retail sales in Q1, hinting at a potential recession. “The weakness in the consumer can now be considered a ‘trend’… Early signs of a consumer recession finally coming to the fore,” economist David Rosenberg told Business Insider. Consumers are wrestling with inflation and a slowing job market, resulting in reduced spending. A re…