Brian Moynihan says consumers are in a ‘classic’ situation of worrying about money but continuing to spend

Quick Summary:

Brian Moynihan said consumers, once again, are the backbone quietly propping up the American economy.

The consumer continues to spend pretty strongly for the first part of this year.

Now, with potentially inflationary tariffs on the horizon, consumers are once again being asked to stretch their paychecks even further.

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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets: United States

Topics: Brian Moynihan Economy Consumers Inflation Bank of America

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 15:19:04 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 139 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27193070

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Official Website: fortune.com

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News Last Updated: 8 hours ago

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