Banks see a ‘resilient’ US economy but warn of negative impacts from rising energy prices - AP News
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- JPMorgan says the U.S. economy shows resilience despite the Iran war and other risks (AP News)
- Wells Fargo warns that rising energy prices could erode profit margins and curb consumer spending (AP News)
- Citigroup expects a major trading boom in the coming years, driven by investor appetite (European Business Magazine)
- The New York Times highlights that banks’ optimism persists even as geopolitical tensions loom (NYT)
- European Business Magazine notes that energy‑price spikes may offset some growth gains, adding nuance to the bullish outlook (European Business Magazine)
Why it matters: Banks warn that rising energy costs could curb US consumer spending.
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