Bloomberg Surveillance · Monday, June 29, 2026
Consumer spending in the US is showing acceleration, excluding gas prices, according to Bank of America data. This trend suggests the consumer is in good shape, with no clear signs of downside risks to economic activity, even with potential shifts in Fed policy.
“The consumer is doing great, and we actually have data to back this up. So the Bank of America data credit and debit cod spending. We report this almost in real time. We've already published reports through the twentieth of June. And what we're seeing is an acceleration in spending X of gas as gas prices come down, even though you didn't really see a deceleration X of gas as gas prices went up. So the consumers in good shape.”