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U.S. consumer spending seeing a 'mitigation' in growth not a slowdown, says Bank of America CEO

Por: CNBC Business October 28, 2022

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watch nowVIDEO2:4702:47Bank of America CEO: Seeing a 'mitigation' of growth in consumer spending, not a slowdownU.S. consumer spending is experiencing a mitigation of growth but not a slowdown, Bank of America CEO Brian Moynihan said Friday.Interest rate hikes by the Federal Reserve are starting to be felt in the and auto markets, and renters will see their budgets squeezed as landlords pass on higher costs, he told CNBC's . But... + full article



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