Bank of America Merrill Lynch uses their credit/debit card data to check the pulse of the US consumer. Their latest report had this to say:
“The consumer is beginning to worry. Since our last update in mid-August, the BofAML US consumer confidence indicator (USCCI) decline by 3.8 points to 50.1 based on data through September 9. It briefly dipped below the 50 breakeven level during the survey period indcating that the consumer is growing increasingly pessimistic“
