Bank of America CEO Warned the Economy May Be Changing: Should Consumers Be Worried?

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We potentially face a changing economy, he said.

What does this mean for the economy, and should consumers be worried?

Consumers shouldnt panic about the looming recession but rather pay attention to economic trends.

Moynihan emphasized that consumer spending remains strong.

Consumers have shown resilience, continuing to spend and maintaining healthy credit quality, he said.

By doing so, consumers will be prepared for any economic changes ahead.

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