BofA CEO predicts no rate cuts from Fed this year

Bank of America CEO Brian Moynihan stated in a recent conference call that the U.S. economy will experience moderate growth, with a forecast of 1.5% growth by year-end. He also predicted that the U.S. Federal Reserve (Fed) would not lower interest rates before next year and emphasized that customers are still seeking certainty in the current economic environment, according to Odaily.