- Consumer spending hasn’t slowed yet, but I use the word ‘yet’ because it could with job losses
- Consumer spending consistent with 2% growth
- I worry that trade war could be more concerning if it shifts to services
- We should be highly interested in making sure the US can export services
- Deposits have performed better than we thought
- We’re prepared for times of stress
That’s a positive take from Moynihan on CNBC.
Shares of Bank of America are up 3.6% today following earnings but are still down sharply since November.
This article was written by Adam Button at www.forexlive.com.
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