From Yahoo Finance: 2025-04-15 10:55:00

Bank executives warn that U.S. consumer spending faces risks from Trump’s trade policy despite strong wage growth and low unemployment. Citigroup and JPMorgan see resilient consumers. JPMorgan and Bank of America report revenue growth in consumer banking. Some consumers are pre-purchasing goods before tariffs increase prices. Household debt and student loan repayments may hinder discretionary spending. White House pushes back against recession talk amid concerns about GDP contraction and inflation. JPMorgan and Goldman Sachs CEOs discuss recession prospects. Advance estimate of first-quarter GDP report on April 30 may shed light on U.S. economy.



Read more at Yahoo Finance: US banks flag risks to consumer spending from tariff uncertainty