'Credit card spending is through the roof' - Hassett says in interview

White House NEC Director Kevin Hassett said in a Fox Business interview that "credit card spending is through the roof," noting consumers are spending more on gas and broadly across categories. The comment signals stronger consumer demand, which could support corporate revenues and the equity market, particularly cyclical and consumer-facing sectors. Card issuers and banks (e.g., American Express) may benefit from increased transaction volumes and fee income. Strong consumer spending can also influence inflation and Fed policy expectations, a potential upside for the US SP 500 but with watchfulness for any resulting policy tightening.