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  1. 18 hours ago · Bank of America's CEO Brian Moynihan has reported a noticeable decline in consumer and small business spending over the last year. In a conversation with CNBC, Moynihan highlighted a meager 3.5 percent increase in consumer spending this year, a stark contrast to the 10 percent surge seen in May. This frugality, according to Moynihan, is due to ...

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