{
  "id": 15029556,
  "title": "US Consumer Is 'Roughed Up,' But Spending, Porcelli Says",
  "url": "https://urgent.news/2026/10/16/us-consumer-is-roughed-up-but-spending-porcelli-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T19:37:06.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/videos/2026-10-16/consumer-is-roughed-up-but-spending-porcelli-says-video"
  },
  "original_language": "en",
  "account": null,
  "summary": "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)",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}