Carlos Delgado
"There won't be a recession," he added, pointing out that despite a minor dip since the beginning of the year, consumer spending is still solid.
Alastair Borthwick, CFO of BofA, stated last week that there was less chance of a US recession. In addition, the Federal Reserve does not anticipate a decline in the American economy.
At that, Moynihan acknowledged that inflation is still a problem. He specifically mentioned the strikes by Hollywood screenwriters, actresses, and car industry workers who are demanding greater compensation, which is a significant contributing reason to rising prices.
source: cnbc.com
Alastair Borthwick, CFO of BofA, stated last week that there was less chance of a US recession. In addition, the Federal Reserve does not anticipate a decline in the American economy.
At that, Moynihan acknowledged that inflation is still a problem. He specifically mentioned the strikes by Hollywood screenwriters, actresses, and car industry workers who are demanding greater compensation, which is a significant contributing reason to rising prices.
source: cnbc.com
