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Bank of America CEO sees 'mild recession' in 2023 and is preparing for worse

Por: Fox Business Business January 14, 2023

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Economist Steve Moore and Strategic Wealth Partners investment strategist Luke Lloyd discuss if the Fed will keep raising rates after annual inflation slowed for the sixth straight month on 'Cavuto: Coast to Coast.' CEO Brian Moynihan said Friday the bank is preparing for a potential recession this year, including the possibility of a sharper downturn where unemployment climbs rapidly.  Our baseline scenario contemplates a mild... + full article



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