Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money - CNBC


5/24/2022 12:00:00 AM2 years 11 months ago
by Hugh Son

The Federal Reserve is in the middle of an inflation-fighting campaign that has pummeled markets, especially for formerly high-flying growth stocks.

U.S. consumers are "in good shape" and will keep spending at an elevated clip, at least in the near term, according to Bank of America CEO Brian Moynihan. "Consumers are in good shape, not overlever… [+1440 chars]

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