U.S. MarketsSeptember 17 at 04:41 AM

BofA Institute (w/e Sep 12) Total Card Spending +5.8% Y/Y (prev. +7.8%). says K-shaped spending looks increasingly like a stale narrative

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BofA Institute reported total card spending slowed to +5.8% Y/Y for the week ending September 12, noting the K-shaped spending narrative looks increasingly stale.

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BofA Institute (w/e Sep 12) Total Card Spending +5.8% Y/Y (prev. +7.8%). says K-shaped spending looks increasingly like a stale narrative

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BofA Institute (w/e Sep 12) Total Card Spending +5.8% Y/Y (prev. +7.8%). says K-shaped spending looks increasingly like a stale narrative

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What do investors think?

Today's market highlights

ECB's Makhlouf says he is not seeing signs of second round effects, speaking on Bloomberg TV; outlook is uncertain

[PREVIEW] BoJ Rate Decision Scheduled for Friday 18th September 2026 - Announcement due after 03:30BST/22:30EDT

Morgan Stanley expects the Fed to deliver a 25bp hike in March'27, adding to its rate hike call in Dec'26