How is the U.S. consumer holding up? Bank of America CEO Brian Moynihan sees clues in the pet food aisle

Teona Gherasim

Bank of America CEO Brian Moynihan is one of the few people who really knows in real time how Americans are contending with rising inflation and higher gas prices. And he sees clues to how they are responding in the pet food aisle. “You know, higher end pet food is not being charged as much on our credit and debit cards as the next brand down,” Moynihan said during a recent interview with NBC News, citing aggregated internal bank data. This, he added, is despite a wave of advertising by the

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