Summary
- Barclays' chief financial officer said he has not detected any particular signs of stress in the financial condition of U.S. consumers.
- He said consumer spending is holding steady, and there are no clear signs of credit deterioration.
- He added that despite overall economic uncertainty, the U.S. consumer base is resilient.
On the 8th (local time), according to economic news channel Walter Bloomberg, Barclays' chief financial officer (CFO) said, "We are not detecting any particular signs of stress in the financial condition of U.S. consumers."
He said, "Consumer spending remains stable, and there are no clear signs of credit deterioration," and added, "Despite overall economic uncertainty, the U.S. consumer base is resilient."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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