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Credit card spending data tells a story of a complete recovery. Or is it a story about cash?

August 04, 2020 at 07:01PM

Credit card spending data tells a story of a complete recovery. Or is it a story about cash?
The latest numbers
JPMorgan is out with its latest credit/debit card spending data today and the trend is modest. There’s clearly been a flattening since mid-June and that’s something the Fed’s Barkin highlighted yesterday.

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