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Bank of America’s CEO says consumer spending levels continue to grow -Breaking

by Mike Robinson

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© Reuters.

NEW YORK (Reuters), Bank of America Chief Executive Brian Moynihan reported Tuesday that consumers have been spending more in February than usual, continuing the upward trend noted by the bank’s last month.

Moynihan stated on CNBC that current corporate debt levels are not a threat for the core economy. He said this because it is seeing an increase in consumer spending.

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