And I put into two categories. Number one is what we see in our own data. The second is what you see more broadly.Um in our own data, things are remarkably stable. I mean, we look at I know you guys have talked about it this morning and other times, consumer spend continues at the same year-over-year pace. Uh across almost all wealth levels, uh consumer credit is as good um as it's been in the last six months.In fact, it's probably trending a touch better. uh companies are in really great shape. Uh we look ...

Economic Overview - Wells Fargo CEO Charles Scharf highlighted a significant disparity between higher-income and lower-income consumers, indicating that while corporations and affluent individuals are thriving, lower-income Americans are facing financial difficulties [1][2] - Scharf noted that lower-income consumers are depleting their savings, with their account balances falling below pre-pandemic levels, suggesting they are living on the edge financially [2] Employment and Economic Indicators - Scharf's comments came in the context of a broader discussion about the U.S. economy, particularly following JPMorgan Chase CEO Jamie Dimon's remarks on a Labor Department report indicating economic weakening, with hiring slowing significantly and a downward revision of job creation by 911,000 positions for the year through March [3] - Despite the current positive sentiment in certain sectors, Scharf acknowledged that the overall job data indicates undeniable challenges, suggesting a more cautious outlook [3][4] Consumer Spending Trends - The spending patterns among different income levels show stability among higher-income consumers, while lower-income groups are exhibiting signs of stress, which could lead to potential economic challenges [1][4] - Scharf emphasized that while the current economic conditions may feel good relative to expectations, the benefits are not evenly distributed across wealth spectrums, indicating a potential for more downside than upside in the future [4]

Federal Reserve Chair Jerome Powell delivers remarks about the U.S. economy, his inflation outlook and potential interest rate forecasts at the annual Jackson Hole Economic Policy Symposium in Wyoming. #Fed #JeromePowell #WSJ ...

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Economic Commentary - Federal Reserve Bank of San Francisco President Mary Daly 对美国经济发表评论 [1] - CNBC's Steve Liesman 报道了相关评论 [1]

Economic Outlook - The U_S_ economy is projected to experience a boom in 5 to 6 months [1]

Watch live coverage as Federal Reserve Chairman Jerome Powell gives a press conference update on interest rates. President Donald Trump has pushed Powell to lower rates in an attempt to boost the U.S. economy. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deli ...

Here is what President Donald Trump's massive tax and spending bill could mean for the U.S. economy and your finances. https://t.co/ooo2tQ4FAW ...