US consumer breaks, Australian next
BofA with the note. More credit-crunchy evidence. Key takeaways • After a strong start to the year, Bank of America credit and debit card spending per household moderated further in March, to 0.1% year-over-year (YoY), the slowest pace since February 2021. Sequentially, card spending per household fell 1.5% month-over-month (MoM), seasonally adjusted.