PoliticsOctober 22 at 04:40 AM

BofA Total Card Spending (week to October 17th) +4.9% Y/Y (prev. +5.1%); lower-income spending growth has consistently outpaced higher-income spending growth over the past several weeks

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BofA reported card spending growth of 4.9% year over year for the week to October 17, down from 5.1% previously, while lower-income growth outpaced higher-income growth.

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BofA Total Card Spending (week to October 17th) +4.9% Y/Y (prev. +5.1%); lower-income spending growth has consistently outpaced higher-income spending growth over the past several weeks

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BofA Total Card Spending (week to October 17th) +4.9% Y/Y (prev. +5.1%); lower-income spending growth has consistently outpaced higher-income spending growth over the past several weeks

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What do investors think?

Today's market highlights

[MARKET UPDATE] WTI tops USD 100/bbl as punchy comments from Iran overnight get a wider airing

[MARKET UPDATE] USD/JPY falls to a 157.29 session low as geopolitical updates from the APAC session are digested and receive greater coverage

An Aramco facility in Saudi Arabia is on fire, Sabereen News reports; post includes a video