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Bank of America CEO says US consumer spending is up 10% in October

Bank of America CEO says US consumer spending is up 10% in October

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By Eamonn Sheridan
12/10/2022 | 20:45 GMT

Bank Of America's CEO Moynihan

  • US consumer credit quality is the highest its ever been
  • US consumer spending is up 10% in October
  • the issue of oil supply and shipping is a source of concern
  • markets can survive, we have enough capital in the system

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