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BofA CEO: Consumers spending at fastest pace he’s seen

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FILE – CEO and Chairman of the Bank of America Brian Moynihan speaks during the UN Climate Change Conference COP26 in Glasgow, Scotland, Nov. 2, 2021. Moynihan said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. (Hannah McKay/AP)

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