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 ...

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.

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 ...

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.

Bank of America CEO Brian Moynihan weighed in on the probability of a recession and argued that the U.S. consumer is in "very good shape," which makes the job of the Federal Reserve "tougher ...

BANK OF AMERICA CEO BRIAN MOYNIHAN: It's great to be here, Margaret. Thank you for having us. MARGARET BRENNAN: Well, the, our last two guests talked about the fact that we came to the edge.

“The US consumer is spending money, a lot of money, spending at a faster rate than I have ever seen, and I’ve been tracking this data for 15 years,” he said.

Bank of America CEO Brian Moynihan said that a "shallow" recession is likely coming in 2023, despite other bank bosses warning that high inflation would sink the economy. The employment numbers ...

Investing.com -- According to Brian Moynihan, US consumers have increased their spending by 6% this year. The rate of spending is faster than the previous year, with a noticeable shift towards ...