PoliticsSeptember 24 at 04:38 AM

BofA Total Card Spending (w/e Sep 19th) +6.9% Y/Y (prev. +5.8% W/W); surging gas prices have opened up a gap in ex-gas spending between higher and lower income households

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BofA card spending rose 6.9% year-over-year for the week ending September 19th, while surging gasoline prices widened the ex-gas spending gap between higher- and lower-income households.

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BofA Total Card Spending (w/e Sep 19th) +6.9% Y/Y (prev. +5.8% W/W); surging gas prices have opened up a gap in ex-gas spending between higher and lower income households

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BofA Total Card Spending (w/e Sep 19th) +6.9% Y/Y (prev. +5.8% W/W); surging gas prices have opened up a gap in ex-gas spending between higher and lower income households

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What do investors think?

Today's market highlights

Chinese Foreign Minister says the Strait of Hormuz conflict must be resolved through dialogue and calls on all parties to seek a peaceful solution, Al Arabiya reports

An Israeli source says "we do not see a real chance of reaching an agreement between the United States and Iran", Al Hadath reports

Israeli source says an additional round of strikes against Iran seems to be a matter of time, Al Hadath reports