Bank CEO Dismisses Recession
This is a news story, published by The Hill, that relates primarily to Brian Moynihan news.
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consumer spending rateThe Hill
•Bank of America CEO says research team ‘does not have any recession predicted anymore’
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
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82
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48
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