Economics
Fear Factor for U.S. Consumer Is Rising, Fueling Recession Risk
- Dimmer sentiment data signal pillar of expansion could falter
- Income gains provide power to spend but don’t guarantee it
The Shops at Columbus Circle mall in New York, U.S.
Photographer: Victor J. Blue/Bloomberg
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If self-reinforcing recession fears are the greatest risk to the record-long U.S. expansion, as posited by Bank of America Corp. Chief Executive Officer Brian Moynihan, the latest consumer sentiment report hinted that those concerns may be starting to emerge.