Yield-Curve Inversion: Economy and Wall Street

yield-curve inversion: Consumer spending makes up about two-thirds of the economy, so many see low unemployment and recent strong retail-sales data as good reasons to believe the U.S. economy can withstand a little stock market volatility and U.S.-China trade war drama, according to Market Watch. Bank of America Corp. While recent stock-market volatility, uncertainty over the U.S.-China trade war and the yield-curve inversion have fueled worries of an impending recession, many on Wall Street, in the White House and in the Federal Reserve have remained fairly upbeat on the economy. BAC, 0.66% Chief Executive Brian Moynihan said the fact that the U.S. consumer continues to spend is the one simple reason he doesn't believe a recession looms as many fear. Even the Federal Reserve said in its most recent policy statement, as they cut interest rates, that household spending has picked up from earlier in the year. And Deutsche Bank economist Justin Weidner wrote in a note to clients Friday that his outlook for consumer spending remains relatively upbeat the rest of the year, after a likely robust July. (news.financializer.com). As reported in the news.