Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings Despite Slower Growth
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#b4bc08a9 ver:0.19

Bank of America CEO Brian Moynihan says US consumers are still spending pandemic-era savings, but at a slower pace. Consumer spending growth has declined from 10% to 3-4%, indicating potential burnout. Moynihan warns against relying too heavily on consumers to prop up the economy and advises caution in controlling inflation. Despite challenges in the banking industry, Bank of America remains optimistic about the US economy. Moynihan emphasizes the resilience of consumer spending and the strength of the banking system. Overall, consumers and businesses are being cautious but without significant negative impacts. #ConsumerSpending #EconomicOutlook #BankingIndustry...

#newstr #ConsumerSpending #Savings #Pandemic #BankOfAmerica 

 https://here.news/story/b4bc08a9?ver=0.19