Bank of America CEO Predicts Strong US Growth in 2026, Driven by AI and Consumer Spending
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CNBC TV18•23-01-2026, 10:30
Bank of America CEO Predicts Strong US Growth in 2026, Driven by AI and Consumer Spending
- •Bank of America CEO Brian Moynihan forecasts 2.8% US economic growth in 2026, surpassing market expectations, fueled by resilient consumer spending.
- •Transaction data indicates no significant slowdown in household or small business activity, supporting a positive outlook for US and global growth.
- •Continued investment in AI infrastructure and enterprise adoption is expected to be a major driver of US economic activity in the coming years.
- •Moynihan anticipates the Fed will cut rates multiple times later this year, with inflation gradually decreasing by late 2027 and unemployment remaining stable.
- •Bank of America is bullish on the US and other regions like India, with India projected to grow at 6.5% in 2026.
Why It Matters: Bank of America CEO projects robust US economic growth in 2026, driven by strong consumer spending and AI investments.
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