‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed's campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior. 
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: ‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes

### Response: The bank leaders are providing evidence that the Fed's campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior. 