finance.yahoo.com Earnings
Goldman Sachs warns of consumer spending slowdown as tax refund boost fades
The US consumer has displayed remarkable resilience this year amid high gas and food prices. But that resilience may soon be put to the test, Goldman Sachs economists warned. The call: Sales among consumer-facing companies rose at a healthy pace in the second quarter, Goldman Sachs economist Jan Hatzius wrote in a new note. Powered by higher-than-planned tax …