Solid U.S. Consumer Spending Boosts Major Banks Despite Inflation Woes ...Middle East

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Solid U.S. Consumer Spending Boosts Major Banks Despite Inflation Woes
Amidst economic uncertainty, U.S. consumer spending demonstrated resilience in the third quarter, according to reports from major banks JPMorgan Chase and Wells Fargo. Their earnings dispelled some investor concerns of elevated borrowing costs leading to an economic downturn, even as JPMorgan adjusted provisions for potential soured loans.

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