Tag
#Bank of America Institute
Economy
US consumers keep spending as gas and inflation bite
Higher gasoline prices and 3.8 per cent inflation are darkening consumer sentiment, but April spending data show affluent households are still keeping US growth alive.
By Helena Brandt
Economy
El-Erian says $4.39 gasoline is turning oil shock into recession risk
A jump in average gasoline prices to $4.39 is testing the consumer cushion that has kept US growth alive, sharpening recession warnings from Mohamed El-Erian and Mark Zandi.
By Sloane Carrington
