The Economy Is on Solid Footing Despite Tariff Turmoil, Bank of America CEO Says
1. BAC CEO Brian Moynihan expects slight recession, stable economy ahead. 2. Bank topped first-quarter earnings; healthy trading revenue boosts confidence. 3. Consumer spending remains strong despite tariff concerns affecting some retailers. 4. Business clients reported profitability and liquidity, indicating stable operations. 5. No Fed rate cuts expected this year, impacting economic outlook.