JPMORGAN: Economic reopening isn't enough to drive a consumer spending rebound, credit-card data show

8:27am PDT - May 28th, 2020    chase bank - Business Insider

• Economic reopenings aren't the primary driver behind the broad rebound in consumer spending, JPMorgan said Wednesday, citing Chase credit- and debit-card data.
• While the onset of widespread lockdowns pushed spending down roughly 40% year-ove…