*Walter Bloomberg(@DeItaone):BOFA CEO DISMISSES RECESSION FEARS Bank of America CEO Brian Moynihan said higher interest rates are not a sign of recession but reflect a resilient U.S. economy and the Fed's effort to control inflation. Despite BofA forecasting three Fed rate hikes, Moynihan expects economic growth to remain strong while inflation gradually eases.

2026.07.01 15:03

BOFA CEO DISMISSES RECESSION FEARS Bank of America CEO Brian Moynihan said higher interest rates are not a sign of recession but reflect a resilient U.S. economy and the Fed's effort to control inflation. Despite BofA forecasting three Fed rate hikes, Moynihan expects economic growth to remain strong while inflation gradually eases.

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