Economy

Bank of America CEO: Consumers, Businesses Pulling Back on Spending

Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year.

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May 31, 2024 - 10:00
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Bank of America CEO: Consumers, Businesses Pulling Back on Spending
Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending this year.
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