Bank of America CEO Says US Consumers Could Become Discouraged Unless Rates Drop Soon
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Bank of America CEO Says US Consumers Could Become Discouraged Unless Rates Drop Soon

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the end of July the Fed kept the policy rate in the same 5.25%-5.50% range it has been for more...