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Posted On: 01/21/2024 7:12:25 AM
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BIDEN'S ECONOMY
American Express CEO says spending is strong, delinquencies are down from 2019:
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and signs of strong overall health for U.S. spending.
In particular, delinquency rates were “lower than they were in 2019,” Squeri told CNBC’s Scott Wapner.
The signs of resilient consumer spending run somewhat counter to persistent inflation.
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American Express CEO says spending is strong, delinquencies are down from 2019:
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and signs of strong overall health for U.S. spending.
In particular, delinquency rates were “lower than they were in 2019,” Squeri told CNBC’s Scott Wapner.
The signs of resilient consumer spending run somewhat counter to persistent inflation.
In this article
AXP
+0.13 (+0.07%)
After Hours
Follow your favorite
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