April bank card knowledge from Financial institution of America does not present a slowdown in US shopper spending. If something, there was a slight acceleration in early April after tariffs had been introduced.
1) This might be tariff front-running
2) Drops in shopper confidence have not led to much less spending
There are actually causes to fret in regards to the US and world financial system however I feel the layoffs want to return, or we have to indicators of actual inflation earlier than the market wilts.
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