Bank of America's CEO says economic growth is 'better than people think' and the Fed should stay on hold
1. BAC CEO highlights consumer spending remains strong despite lower confidence. 2. GDP growth forecast adjusted to 2%, impacted by tariffs. 3. Moynihan emphasizes solid consumer spending as economic positive. 4. Fed likely to maintain interest rates through 2026. 5. Challenges remain, but current spending trends suggest stability.