BofA Consumer Checkpoint (Feb): Spending growth was very strong in February and the Y/Y growth rate rose to 3.2%, the highest in over three years. On a seasonally-adj. basis, card spending +0.9% M/M

BofA Consumer Checkpoint (Feb): Spending growth was very strong in February and the Y/Y growth rate rose to 3.2%, the highest in over three years. On a seasonally-adj. basis, card spending +0.9% M/M.

The BofA Consumer Checkpoint indicates robust spending growth in February, with a year-on-year increase of 3.2%, marking the highest rate in over three years. This strong performance could support a more optimistic outlook for economic resilience, potentially influencing policy considerations around growth and inflation as it suggests consumers are maintaining spending power.