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

· *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-over-year, the metric has since retraced half of its decline and is steadily...