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BofA: US Econ Stronger Than Expected; Full-Yr Growth Forecast Lifted to 2.8%
2026-01-23 10:09:02
The US economy may be much stronger than many investors imagine, suggesting that Wall Street's big banks may be underestimating the growth potential under current economic policies, Brian Moynihan, CEO of Bank of America (BAC.US), stated. As a result, Bank of America raised its US economic growth forecast for this year from 2.6% to 2.8%.
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