Bank of America: It is expected that the Federal Reserve will not cut interest rates before next year

Odaily Planet Daily News: Bank of America has observed an improvement in the market environment in the recent quarter. CEO Moynihan said in a conference call with analysts, "This continues to lead our globally leading research team to predict that the United States will not experience an economic recession, and the economy will grow moderately - with a year-end growth rate of about 1.5%, and the Federal Reserve will not cut interest rates before next year." Moynihan said that individual and corporate customers are still continuing to consume, and customers are still seeking certainty. He also added that recent trade agreements and the passage of tax laws are starting to give customers clear expectations for the future and adjust their behavior accordingly. (Golden Ten)