'The consumer appears to be rattled by the latest escalation in the US-China trade war,' Bank of America economists wrote in a note Wednesday
Bank of America Merrill Lynch's US consumer confidence indicator fell below 50 this month, the lowest reading on record. It shows that consumers are rattled by the latest trade war escalation, BAML economists said. US consumers are increasingly important to the economic expansion, and there are already signs that they're spending less. Read more on Markets Insider. Consumers are growing increasingly uneasy as the trade war rages on, according to Bank of America Merrill Lynch.
Bank of America Merrill Lynch's US consumer confidence indicator fell below 50 this month, the lowest reading on record. It shows that consumers are rattled by the latest trade war escalation, BAML economists said. US consumers are increasingly important to the economic expansion, and there are already signs that they're spending less. Read more on Markets Insider. Consumers are growing increasingly uneasy as the trade war rages on, according to Bank of America Merrill Lynch.
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