{
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bank of america ceo discusses consumer spending and economic outlook

Bank of America CEO Brian Moynihan reported a 6% increase in consumer spending compared to last year, indicating a solid economic outlook without signs of recession. He noted that inflation remains sticky, influenced by tariffs, and the Federal Reserve is likely to maintain interest rates as GDP growth is projected around 2% for the year. Moynihan emphasized the need for regulatory clarity to navigate the complexities of tariffs and their impact on various industries.
CNBC
United States Dollar Apple Inc. Bank of America Corporation USA Candice Brown Brian Moynihan
Finance & Economy, Transcript
15:08 19.03.2025
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