BoA CEO on Economy...

[tsptalk]

Bank of America’s CEO says economic growth is ‘better than people think’ and the Fed should stay on hold​

• Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.
• From a numbers standpoint, that means gross domestic product growth this year of closer to 2% from recent trends closer to 3%, according to the CEO.
• “We see the consumer continue to be solid, and that should bode well for the economy,” he added.

https://www.cnbc.com/2025/03/19/bank-of-americas-ceo-says-economic-growth-is-better-than-people-think-and-the-fed-should-stay-on-hold.html

 

[TommyIV]

Bank of America’s CEO says economic growth is ‘better than people think’ and the Fed should stay on hold​

• Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.
• From a numbers standpoint, that means gross domestic product growth this year of closer to 2% from recent trends closer to 3%, according to the CEO.
• “We see the consumer continue to be solid, and that should bode well for the economy,” he added.

https://www.cnbc.com/2025/03/19/bank-of-americas-ceo-says-economic-growth-is-better-than-people-think-and-the-fed-should-stay-on-hold.html

I went to the mall recently; it was more crowded than I remember it being during Christmas shopping. I'm talking lines to get into dressing rooms. The consumers around here are keeping cash flowing through the economy.

 

[nasa1974]

I went to the mall recently; it was more crowded than I remember it being during Christmas shopping. I'm talking lines to get into dressing rooms. The consumers around here are keeping cash flowing through the economy.

Maybe they are trying to beat the price increases before the tariffs kick in.

 

[tsptalk]

Nobody goes to malls anymore. They're too crowded.

 

[TommyIV]

Maybe they are trying to beat the price increases before the tariffs kick

That's giving them a lot of credit, but if that has truth to it, the stores should be putting up signs 'Get it While it's Cheap".