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Topic - Leo Grohowski
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"The U.S. consumer has fared much better than feared" in light of the global turmoil, said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management, noting that retreating gas prices are benefiting consumer confidence and spending.
Along with an apparent bottoming out of the housing market's ordeal and continuing strength in manufacturing and exports, the economy seems to be ginning up some momentum that is not fully appreciated in financial markets, Mr. Grohowski said.