BofA Card Spending (w/e March 7th): +4.6% Y/Y, vs 3.2% in February. Y/Y spending appears to be robust in the early part of March
Newsquawk Staff ·
BofA Card Spending (w/e March 7th): +4.6% Y/Y, vs 3.2% in February. Y/Y spending appears to be robust in the early part of March.
What it means
The latest Bank of America card spending data shows a significant year-over-year increase of 4.6% for the week ended March 7th, up from 3.2% in February. This acceleration in consumer spending suggests a potential strengthening in economic momentum early in March, which could have implications for growth forecasts and monetary policy direction.
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