Wells Fargo CEO Charlie Scharf said the US economy is "extremely strong," but noted consumers are adjusting spending because of the war in Iran. He also said many businesses are nervous, pointing to a cautious near-term outlook despite otherwise solid underlying economic conditions.
Wells Fargo CEO Charlie Scharf said the US economy is "extremely strong," but noted consumers are adjusting spending because of the war in Iran. He also said many businesses are nervous, pointing to a cautious near-term outlook despite otherwise solid underlying economic conditions.
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mildly negative
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