BofA Explains Why US Consumers Are Spending Less, Saving More

One of larger banks to have undergone a substantial downshift in its outlook on the market and the economy, is Bank of America, which continued the dour mood this morning when in note by its economist Ethan Harris it again pointed out that US consumer spending has “settled at a lower trend.”
Here are the details:

This post was published at Zero Hedge on Oct 24, 2016.