{"id":1945,"date":"2023-04-18T16:09:25","date_gmt":"2023-04-18T16:09:25","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=1945"},"modified":"2023-04-18T16:09:28","modified_gmt":"2023-04-18T16:09:28","slug":"bank-of-america-ceo-foresees-mild-us-recession","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/","title":{"rendered":"Bank of America CEO Foresees Mild US Recession"},"content":{"rendered":"\n<p>Brian Moynihan, the CEO of Bank of America, recently mentioned a &#8220;relatively mild recession&#8221; coming to the US. During the bank&#8217;s quarterly earnings call, he highlighted that the US consumers are in good shape, with leftover stimulus funds, but are also becoming more careful.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-glimpse-into-a-potential-recession\">A Glimpse into a Potential Recession<\/h2>\n\n\n\n<p>The US economy has been the center of attention recently, as it faces inflation and a potential bank crisis. Many have speculated about the possibility of a recession. In a quarterly earnings call, Bank of America&#8217;s CEO, Brian Moynihan, confirmed that a &#8220;relatively mild recession&#8221; may be in store. He explained that while consumer activity is not slowing at an alarming rate, commercial customers are becoming more cautious.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/grayscale-ceo-says-the-secs-approach-is-slowing-bitcoins-progress\/\" target=\"_blank\" rel=\"noreferrer noopener\">Grayscale CEO Says the SEC\u2019s Approach Is Slowing Bitcoin\u2019s Progress<\/a><\/p>\n\n\n\n<p>Moynihan pointed out that the Bank of America research team has consistently predicted a mild downturn due to the Federal Reserve&#8217;s aggressive rate hikes. The Fed has raised interest rates nine times, marking the fastest pace since 1980.<\/p>\n\n\n\n<p>He added, &#8220;The fact that unemployment is still 3.5% [indicates] full employment-plus. And then the wage growth is slowing and tipping over. So the signs of inflation are tipping down, and it&#8217;s still there, but that translates into relatively good activity, so we see a slight recession and we&#8217;ll see what happens.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brian Moynihan, the CEO of Bank of America, recently mentioned a &#8220;relatively mild recession&#8221; coming to the US. During the bank&#8217;s quarterly earnings call, he highlighted that the US consumers are in good shape, with leftover stimulus funds, but are also becoming more careful. A Glimpse into a Potential Recession The US economy has been [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":1947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[260],"tags":[],"class_list":{"0":"post-1945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-economics"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of America CEO Foresees Mild US Recession<\/title>\n<meta name=\"description\" content=\"Brian Moynihan, the CEO of Bank of America, recently mentioned a &quot;relatively mild recession&quot; coming to the US. During the bank&#039;s quarterly earnings call,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America CEO Foresees Mild US Recession\" \/>\n<meta property=\"og:description\" content=\"Brian Moynihan, the CEO of Bank of America, recently mentioned a &quot;relatively mild recession&quot; coming to the US. During the bank&#039;s quarterly earnings call,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-18T16:09:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-18T16:09:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bank-of-America.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Anish Khalifa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anish Khalifa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\"},\"author\":{\"name\":\"Anish Khalifa\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e\"},\"headline\":\"Bank of America CEO Foresees Mild US Recession\",\"datePublished\":\"2023-04-18T16:09:25+00:00\",\"dateModified\":\"2023-04-18T16:09:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\"},\"wordCount\":233,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bank-of-America.webp\",\"articleSection\":[\"Business &amp; Economics\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/\",\"name\":\"Bank of America CEO Foresees Mild US Recession\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bank-of-america-ceo-foresees-mild-us-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/04\/Bank-of-America.webp\",\"datePublished\":\"2023-04-18T16:09:25+00:00\",\"dateModified\":\"2023-04-18T16:09:28+00:00\",\"description\":\"Brian Moynihan, the CEO of Bank of America, recently mentioned a \\\"relatively mild recession\\\" coming to the US. 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