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Economics6h 1m ago
Bank of America CEO Brian Moynihan stated that consumers are shifting their spending to make room for higher gas prices, citing internal bank data.
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New York, US
Who
Bank of America CEO Brian Moynihan interviewed by NBC News
What
Bank of America CEO Brian Moynihan stated that consumers are shifting their spending to make room for higher gas prices, citing internal bank data.
When
Sun, 14 Jun 2026 22:53:45 GMT · 6h 1m ago
Where
New York, US ·
Why
Consumers are contending with rising inflation and higher gas prices, leading to changes in spending behavior.
The Frontline Impact
How this affects you
This indicates that despite high inflation and economic pessimism, US consumers are adapting their spending behaviors, such as by choosing cheaper pet food, to maintain discretionary spending on things like vacations and dining out. These adaptive spending patterns continue to support job-creating activities within the US economy.
Story chain
6 events in this thread- Currently Reading6h 1m agoBank of America CEO Brian Moynihan stated that consumers are shifting their spending to make room for higher gas prices, citing internal bank data.
- Economics6h 1m 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.Open article
- Economics6h 1m 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
- Economics6h 1m 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
- Economics6h 1m 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
- Economics6h 1m 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