Bank of America Shifts Outlook Toward Federal Reserve Rate Hikes

Yahoo Finance reports that Bank of America CEO Brian Moynihan has abandoned expectations for immediate monetary relief as inflation remains stubbornly high. While the broader economy shows signs of growth, persistent costs in housing and fuel are forcing the bank to project a muc

Yahoo Finance reports that Bank of America CEO Brian Moynihan has abandoned expectations for immediate monetary relief as inflation remains stubbornly high. While the broader economy shows signs of growth, persistent costs in housing and fuel are forcing the bank to project a muc