Bank of America CEO says U.S. consumers still in good financial health

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9B139_L.jpg

“Right now, they’re in very good shape,” Moynihan told attendees at an Institute of International Finance conference in Washington.

He cited high savings rates, strong credit quality, and a 10% increase in consumer spending so far in October.