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Economics4h 32m ago
Bank of America CEO Brian Moynihan noted that consumers are shifting their spending, such as choosing cheaper pet food, to adapt to rising inflation and higher gas prices.
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New York
Who
Bank of America CEO Brian Moynihan
What
Bank of America CEO Brian Moynihan noted that consumers are shifting their spending, such as choosing cheaper pet food, to adapt to rising inflation and higher gas prices.
When
Sun, 14 Jun 2026 22:53:45 GMT · 4h 32m ago
Where
New York ·
Why
Consumers are contending with rising inflation and higher gas prices, leading them to adjust their spending habits.
The Frontline Impact
How this affects you
Consumers are altering their purchasing choices, like opting for lower-priced pet food, while overall spending on credit and debit cards is up, indicating a complex consumer response to economic pressures.
Story chain
6 events in this thread- Economics4h 32m agoBank of America CEO Brian Moynihan stated that consumers are shifting their spending to make room for higher gas prices, citing internal bank data.Open article
- Currently Reading4h 32m agoBank of America CEO Brian Moynihan noted that consumers are shifting their spending, such as choosing cheaper pet food, to adapt to rising inflation and higher gas prices.
- Economics4h 32m agoBank of America CEO Brian Moynihan observes consumers are shifting spending from higher-end pet food to cheaper alternatives to manage rising inflation and higher gas prices.Open article
- Economics4h 32m agoBank of America CEO Brian Moynihan noted that consumers are shifting their spending habits, such as buying cheaper pet food brands, to accommodate higher gas prices.Open article
- Economics4h 32m agoBank of America CEO Brian Moynihan observed a shift in consumer spending habits, with people choosing cheaper pet food brands as they contend with rising inflation and higher gas prices.Open article
- Economics4h 32m agoBank of America CEO Brian Moynihan stated that consumers are shifting their spending habits, such as buying less expensive pet food, to accommodate rising inflation and higher gas prices, based on aggregated internal bank data.Open article