(CNBC) Consumers are financially resilient, despite high inflation and concerns the U.S. is nearing a recession, according to Bank of America
CEO Brian Moynihan. “Analysts might wonder whether the talk of inflation, recession and other factors could [result] in a slower spending growth,” Moynihan said Monday during a conference call to discuss third-quarter results that topped analysts’ expectations. “We just don’t see [that] here at Bank of America.”