US Consumer Is 'Roughed Up,' But Spending, Porcelli Says

Bloomberg Markets16 October 2026, 19:37 UTCUnited States of America

Tom Porcelli, chief economist at Wells Fargo, says US consumers are "roughed up," but they are still spending. He says wages are struggling, but consumers are still feeling pretty good because a wealth effect is in place. He is on "Bloomberg Money." (Source: Bloomberg)

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