BofA (BAC) says total card spending +2.6% Y/Y in the week of 11th April (vs 4.3% Y/Y in March)

Bank of America reports that total card spending saw a 2.6% year-over-year increase for the week of April 11, down from 4.3% in March.

Newsquawk StaffPublished 16 Apr 2026, 09:20 UTCOn the live feed at 09:00 UTC — 7 more headlines followed before this page went public

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09:05

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09:03

UK sells GBP 900mln 1.875% 2049 I/L Treasury Gilt: b/c 3.20x (prev. 3.39x), real yield 2.165% (prev. 2.36%)

09:00

BofA (BAC) says total card spending +2.6% Y/Y in the week of 11th April (vs 4.3% Y/Y in March)

08:59

France sells EUR 12.994bln vs exp. EUR 11-13.0bln 2.40% 2029, 2.70% 2031, 0.00% 2032 and 3.00% 2033 OAT

08:59

Iran's Embassy in the UK posts that "if you [Europe] don’t stop this now, don’t be surprised when the consequences reach Europe next."

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Context

This deceleration could signal a cooling in consumer spending momentum, which may have implications for economic growth and consumer confidence. If this trend continues, it could influence market expectations regarding monetary policy and the broader economic outlook.

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