The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a ‘soft landing’ after inflation troubles in recent years,” The Hill reports.
inflation troubles: When worker wages outpace industry profits
Don’t worry, though. I’m sure you can finance a down payment on a security deposit for a six-month apartment lease.
But we’re reporting record profits so much that there were stock buy backs. Weird.