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.
The can has been kicked, the stock market is safe for another month!
“there’s no way for us to make money on a recession right now, and it doesn’t seem to be swaying votes to the despot, so we have delayed the recession until after the election.”