Bank of America CEO Warns of Cautious Consumer and Business Spending Amidst Inflation and Interest Rate Concerns
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#b4bc08a9 ver:0.15

Bank of America CEO warns of cautious consumer and business spending amidst inflation and interest rate concerns. Consumers are showing signs of burnout, with spending growth declining from 10% to 3-4%. However, Moynihan remains optimistic about the US economy, citing the resilience of consumer spending. He emphasizes the need for caution in relying too heavily on consumers and advises against overshooting on policies to control inflation. The US economy is strong and stable, but risks such as unpredictable consumer buying patterns and geopolitical tensions could undermine progress. #economy #inflation #consumer #spending...

#newstr #BankOfAmerica #ConsumerSpending #Inflation #InterestRates #UsEconomy 

 https://here.news/story/b4bc08a9?ver=0.15