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

Bank of America no longer predicting recession, CEO says

Bank of America's economists no longer see the U.S. entering a recession, CEO Brian Moynihan said over the weekend."Bank of America Research does not have any recession predicted anymore," Moynihan told CBS’ "Face the Nation." The Bank of America boss said that at this time last year, the bank's team of analysts expected the economy to slide into a recession – generally defined as a decline in gross domestic product for two consecutive quarters …

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

(The Hill) — The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a “soft landing” after inflation troubles in recent years. Moynihan told CBS’s Margaret Brennan on “Face the Nation” Sunday that while the economy is slowing, consumer spending remains in-line with pre-pandemic leve…

Bank of America CEO says US consumers could become discouraged unless rates drop soon

(Reuters) – If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America 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 has been for more than a year, but signaled that a rate cut could come as soon as September if inflation continued to cool. “They’ve told people rates probably aren’t going to go…

Bank of America CEO: Research team ‘does not have any recession predicted anymore’

The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a “soft landing” after inflation troubles in recent years.

U.S economy is not heading for a recession, says Bank of America CEO

Bank of America CEO Brian Moynihan has said that his team is a great team at Bank of America Research, and it did not find any recession predicted anymore. He recalled that it was a recession by this time last year.