Wells Fargo Warns of Hidden Recession Signal as Spending on Services Declines 0.3%
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最新报道：Wells Fargo warns of a potential hidden recession signal as U.S. consumer spending on services unexpectedly declined by 0.3% in recent data, marking the first drop since early 2023. The bank's analysts highlight that weakening service-sector demand—a traditionally resilient segment—could indicate broader economic softening. While goods spending rose slightly, the services dip raises concerns amid persistent inflation and high interest rates. Wells Fargo suggests cautious monitoring of labor market trends and discretionary spending patterns for further recession risks. The report contrasts with still-strong employment figures, leaving economists divided on near-term economic trajectories.
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