Major financial institutions are painting an optimistic picture of the US economy right now. Bank of America's CEO Brian Moynihan recently shared some interesting observations about consumer behavior during the holiday shopping season.

According to Moynihan, spending patterns during Black Friday and Cyber Monday were notably strong - he described them as "solid and good." What's interesting here is his interpretation: these numbers align with what you'd expect from an economy that's actually growing, not contracting.

For those watching macro trends, consumer spending data matters. It's one of those real-time indicators that cuts through the noise of predictions and models. When people are actively spending during peak retail periods, it typically signals confidence in their financial situation.

This kind of insight from someone running one of America's largest banks carries weight. They're seeing transaction data flow through their systems in real-time, giving them a front-row seat to economic activity that others only see weeks later in official reports.