TechFlow news, on February 26, according to Jinshi News, Bank of America CEO Brian Moynihan said Tuesday the bank expects the Federal Reserve to keep interest rates unchanged this year and next.
Speaking at a conference in Washington, he said: "It will take years to squeeze out inflation; the Fed's efforts to control inflation will likely continue through 2026." Friday's Personal Consumption Expenditures (PCE) price index report is expected to show progress in the Fed's fight against inflation.
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