Will spending take a post vacation break?
Key talking points Bank of America aggregated credit and debit card spending was up 11% year-over-year (YoY) in June. Meanwhile aggregated card spending per household was up 3.3% YoY in the 28-days ending June 30th, down from 4.0% YoY at the end of May. Higher inflation, especially rising gas prices, continues to squeeze consumers. Consumer…...
