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Fundamental Analysis Posted 4 hours ago

BofA: US Consumer Spending Rises 6.3% Amid Broad Wage Growth

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Bank of America's consumer chief reported US spending jumped 6.3% with wage growth accelerating across all income groups, signaling robust domestic demand. This supports USD strength on improved growth outlook and potential Fed hawkishness, affecting USD pairs like EUR/USD and GBP/USD as markets reprice rate-cut expectations.
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@asuquokelvin · 3 hours ago

Everyone's praising the consumer, but the fingerprints of policy are all over this.

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