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Brian Moynihan says consumers are in a ‘classic’ situation of worrying about money but continuing to spendDespite consumer concerns about finances, spending remains strong, said Bank of America CEO Brian Moynihan. While tariff threats may slightly lower GDP forecasts, Bank of America expects steady 2% ...
Bank of America Corp. Chief Executive Officer Brian Moynihan said US consumers, helped by wage growth, remain in good shape even amid elevated interest rates, and that businesses are once again ...
Bank of America CEO Brian Moynihan said although he is ... The Fed’s biggest challenge remains “the power of the US consumer,” Moynihan said. “They were earning more money and they were ...
US consumers are still in a position of strength despite persistent inflation and other economic headwinds, Bank of America Corp. Chief Executive Officer Brian Moynihan said. Americans continue to ...
The Federal Reserve won't hit its 2% inflation target until 2025 - and a US recession is in the cards, according to Bank of America CEO Brian ... Moynihan also noted that his bank's data shows ...
"The people who had an account with us in January 2020 before the pandemic ... much more in their account," Bank of America Chairman and CEO Brian Moynihan said on CBS’ "Face the Nation." ...
BANK OF AMERICA CEO BRIAN MOYNIHAN: It's great to be here ... toughest things for the Federal Reserve is the power of the US consumer. And they were, they were, they were employed, they were ...
Investing.com -- According to Brian Moynihan, US consumers have increased their spending by 6% this year. The rate of spending is faster than the previous year, with a noticeable shift towards ...
U.S. consumers could become dispirited, Bank of America (BAC.N), opens new tab CEO Brian Moynihan said on Sunday. At the end of July the Fed kept the policy rate in the same 5.25%-5.50% range it ...
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