The US consumer is holding up, but JPMorgan’s Marianne Lake says the forces that have propped up American households might be eroding.
Lake, who is CEO of JPMorgan’s sprawling consumer and community bank, said on Tuesday that the nation’s biggest bank still sees a healthy consumer across a range of metrics, including credit card spending, debt servicing, and deposit balances.
Link: https://finance.yahoo.com/economy/article/us-consumers-are-still-spending-but-jpmorgan-says-the-cushion-against-higher-prices-is-thinning-151142995.html