Global EconomyApril 10 at 06:39 AM

BofA Consumer Checkpoint: Total credit and debit card spending per household rose 4.3% Y/Y marking the strongest growth since early 2023

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Higher gasoline prices powered some of the increase, with spending at the pump surging 16.5% M/M However, total card spending excluding gasoline still saw healthy growth at 3.6% Y/Y

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