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Bank of America CEO says research team ‘does not have any recession predicted anymore’

The Hill
Summary
Nutrition label

69% Informative

Brian Moynihan , CEO of Bank of America , said that the financial giant no longer believes a recession is on the horizon for the American economy.

He said the Biden administration and the Federal Reserve have achieved a “soft landing” after inflation troubles in recent years .

Bank predicts two interest rate cuts this year , one at next month’s meeting and one in December .

VR Score

79

Informative language

82

Neutral language

48

Article tone

semi-formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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