Bank of America CEO: Federal Reserve will cut interest rates in 2026

According to Golden Finance, Bank of America CEO Moynihan: Our economists believe that there will be no economic recession. This year, the US economy is expected to grow by approximately 1% to 1.5%. I believe that the Federal Reserve will not cut interest rates this year because it will take longer for inflation to fall. I believe that the Federal Reserve will cut interest rates in 2026.