May 13, 04:41 PM

Bank of America CEO Moynihan Predicts Slower Growth, Positive US Spending with Wage Growth Amid Elevated Interest Rates

Bank of America's CEO Brian Moynihan predicts slower growth but positive spending in the US. He notes that people are adapting to a higher-rate environment and wage growth has benefited American consumers. Despite elevated interest rates, US consumers are in good financial shape.

#Bank of America #Brian Moynihan #US #American

Written with ChatGPT (GPT-3).

Sources

Kevin McPartland@kmcpartland
2 years ago
But how much of the spending is via credit? - Bank of America CEO Brian Moynihan said US consumers remain in good shape even amid elevated interest rates https://t.co/qV0rBmBzVw via @economics @KatLeighDoherty
Bloomberg@business
2 years ago
Bank of America CEO Brian Moynihan said US consumers remain in good shape even amid elevated interest rates https://t.co/DvyLP3TZil
Markets News@MarketsDotNews
2 years ago
Moynihan predicts modest growth and steady spending in the US. CEO of Bank of America remains optimistic. #economy #business #news

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Bank of America CEO Moynihan Predicts Slower Growth, Positive US Spending with Wage Growth Amid Elevated Interest Rates

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