Deep Tide TechFlow News, on July 16, according to Jinshi Data, Bank of America observed an improvement in the market environment in the recent quarter. CEO Moynihan stated during a conference call with analysts: This allows our world-leading research team to continue to predict that the U.S. will not experience an economic recession, and the economy will grow moderately — with an end-of-year growth rate of about 1.5%, and the Federal Reserve will not lower interest rates before next year.

Moynihan noted that individual and corporate clients are still continuing to consume, and clients are still seeking certainty. Recent trade agreements and the passage of tax legislation are helping clients to form clear expectations for the future and adjust their behaviors accordingly.