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BofA Total Card Spending (w/e Aug 8th) +6.2% Y/Y (prev. 4.7%); the rebound in spending over the past 3 weeks is consistent that the mid-July slump was a blip

StockNow breaking-news AI analysis

BofA card spending rebounded to 6.2% Y/Y in August, confirming the mid-July slump was temporary. Consumer resilience remains strong, supporting growth but maintaining pressure on the Fed's interest rate policy.

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