---
title: "Fiscal clouds gather over the West as U.S. growth remains resilient: BofA"
description: "Bank of America reports that U.S. job growth is slowing, but rising wages and strong consumer spending indicate resilient economic growth. In Europe, France faces political challenges affecting fiscal"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260791813.md"
published_at: "2025-10-12T14:28:10.000Z"
---

# Fiscal clouds gather over the West as U.S. growth remains resilient: BofA

> Bank of America reports that U.S. job growth is slowing, but rising wages and strong consumer spending indicate resilient economic growth. In Europe, France faces political challenges affecting fiscal stability, while the U.K. anticipates a significant reduction in fiscal headroom. Japan's new prime minister may pursue expansionary fiscal policies. The AI boom is driving U.S. investment, contributing positively to GDP growth. Overall, there is a contrast between fiscal challenges in developed economies and robust private-sector investment in the U.S.

Bank of America’s internal data suggests U.S. job growth continued to decelerate in September, though wages rose across income levels, particularly among higher earners. Economists Claudio Irigoyen and Antonio Gabriel said in an October 10 report that the combination of higher wages and solid consumer spending reinforces their view that U.S. growth...

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.