JPM's Bruce Kasman: The U.S. Consumer Is 'OK'

The transcript discusses consumer spending trends, highlighting a 3% spending growth and the resilience of the consumer market. It examines the balance between ecommerce and bricks-and-mortar retail, noting the increasing significance of online sales. The discussion also covers consumer behavior patterns, emphasizing seasonal fluctuations and the impact of economic policies. Overall, the consumer market is seen as cautious but stable, with a positive outlook for future growth.

What was the reported growth in consumer spending according to the first section?

• 1%

• 2%

• 3%

• 4%

What pattern in consumer spending is highlighted in the second section?

• No significant seasonal pattern

• Strong start to the year with a decline in spring

• Weak start to the year followed by a spring rebound

• Consistent growth throughout the year

Which company is mentioned as facing challenges in balancing online and physical retail?

• Amazon

• eBay

• Target

• Walmart

What is the consumer's behavior described as in the final section?

• Cautious but stable

• Declining

• Aggressive

• Indifferent

What factor is discussed as influencing consumer behavior in the final section?

• Weather conditions

• Fed policy

• Global trade agreements

• Technological advancements