Wall Street is bummed the Delta wave has you spending less
People walk past the New York Stock Exchange (NYSE) on Wall Street on July 15, 2021 in New York City.
Angela Weiss/AFP/Getty Images
Goldman Sachs and Bank of America both cut GDP forecasts. The reason: not enough spending.
Americans' spending slid more than expected in July, starving the recovery of its biggest booster.
Still, both banks see growth rebounding as the Delta wave weakens and Americans get back to shopping.
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