Despite consumer concerns about finances, spending remains strong, said Bank of America CEO Brian Moynihan. While tariff threats may slightly lower GDP forecasts, Bank of America expects steady 2% ...

Bank of America Corp. Chief Executive Officer Brian Moynihan said US consumers, helped by wage growth, remain in good shape even amid elevated interest rates, and that businesses are once again ...

Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ... The Fed’s biggest challenge remains “the power of the US consumer,” Moynihan said.

US consumers are in good financial shape and are managing well in a high inflationary environment, Bank of America CEO Brian Moynihan said. Account balances for consumers are higher now than they ...

U.S. consumers have more debt and are starting to pull back on spending as they're trying to "maintain a lifestyle," says Bank of America's Brian Moynihan.

US consumers are still in a position of strength despite persistent inflation and other economic headwinds, Bank of America Corp. Chief Executive Officer Brian Moynihan said.

Moynihan points to the continued strength of consumer spending despite four-decade-high inflation and worries about the economy and the pandemic. Spending on the bank's credit and debit cards in ...

The Fed won't reach its 2% inflation target till 2025, according to Bank of America's CEO. Brian Moynihan added that data shows consumers are spending less, pointing to an incoming recession.