BofA (BAC) says total card spending +2.6% Y/Y in the week of 11th April (vs 4.3% Y/Y in March)
Context
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. 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.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#BANK OF AMERICA CORP#BAC.US#ECONOMIC COMMENTARY#EQUITIES#EU SESSION#DIVERSIFIED BANKS#BANKS#BANKS (GROUP)#S&P 500 INDEX#BAC