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Bank of America CEO forecasts 2% economic growth, advises Fed to keep interest rates steady.
Bank of America's CEO, Brian Moynihan, says the economy is performing better than expected, with solid but slower growth anticipated this year, around 2%.
Despite low consumer confidence and inflation concerns, spending remains strong, especially in services.
Moynihan suggests the Federal Reserve should maintain interest rates, advising caution against cuts due to economic uncertainties like tariffs.
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El CEO de Bank of America pronostica un crecimiento económico del 2%, aconseja a la Fed mantener las tasas de interés estables.