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.

Banks, a barometer of the broader U.S. economy, are seeing early signs that the tariff-induced pause in activity is lifting.

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.

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.

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.

BRIAN MOYNIHAN: Well, in our consumer base of 60 million customers spending every week, what you're seeing is they're spending at a rate of growth of this year over last year, for July and August ...

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 ...