According to Jin Ten data reports, Bank of America has observed an improvement in the market environment. CEO Moynihan stated that the U.S. will not experience an economic recession, and the economy will grow moderately, with an annual growth rate of about 1.5% by the end of the year.
Moynihan stated that the Federal Reserve will not lower interest rates before next year. Individual and corporate clients continue to consume, seeking certainty. The recent passage of trade agreements and tax legislation has allowed customers to form clear expectations for the future and adjust their behavior.