While Jerome H. Powell & Co. hiked the target for the Fed Funds rate yet again this week, the current benchmark lending rate of 4.5% is still below the average rate of 4.92% since 1971. And, despi...
Tag: Brian Moynihan
U.S. consumer spending seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting ...
US economy seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
The U.S. economy is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be ...
3 Undervalued Bank Stocks To Buy Now: COF, BAC & PNC
Bank stocks have been surprisingly weak this year with the KBW Bank Index off as much as the S&P 500. I don’t think the punishment fits the crime and I believe the big selloff creates an intriguin...