The Fed won't hit its 2% inflation target until 2025 - and consumers spending less shows recession is coming, Bank of America CEO says

The Fed won't hit its 2% inflation target until 2025 - and consumers spending less shows recession is coming, Bank of America CEO says

Business Insider

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Bank of America CEO Brian Moynihan warned of more interest rate hikes this year as the Fed remains laser-focused on cooling inflation to its 2% target.

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