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Top US banks say consumers remain financially strong, but inflation from Trump's tariffs may weaken sentiment in H2. JPMorgan, Citi, and Wells Fargo beat Q2 estimates, citing low unemployment and stable credit. But rising import costs led June inflation up 0.3%, prompting caution on future spending and Fed rate policy amid tariff-driven price pressures.
short by / 04:21 pm on 16 Jul
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