BofA (BAC) says in the week through 14th March, total card spending +4.9% Y/Y (vs +3.2% average during Feb)
Context
Bank of America's report showing a 4.9% year-over-year increase in total card spending for the week ending March 14 indicates a notable uptick from February's average of 3.2%. This higher spending could signal stronger consumer demand, which may influence economic growth outlooks and monetary policy considerations moving forward.
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