Slower spending growth in February The growth in Bank of America credit and debit card spending per household decelerated in February to 2.7% YoY, from 5.1% YoY in January. On the month seasonally-adjusted (SA) total card spending rose 0.7% MoM, compared to the strong 1.3% MoM in January. As discussed in last month’s Consumer Checkpoint, we think January was likely…
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Like many a retailer before Target (TGT), the big-box department store chain announced a dismal sales performance for the...
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