Bank of America CEO Brian Moynihan expects no interest rate cuts this year
1. CEO Brian Moynihan comments on Trump's new 25% auto tariffs. 2. Tariffs expected to increase car prices and slow vehicle purchases. 3. Bank of America analysts project U.S. growth of 2% despite tariffs. 4. Moynihan indicates consumer spending remains robust, countering negative sentiment. 5. Unemployment is steady at 4.1%, supporting consumer engagement.