By Tom Ozimek U.S. economic growth remains on solid footing heading into 2026, but the outlook hinges on whether American consumers continue to spend, Bank of America Chairman and CEO Brian Moynihan said in a recent interview. “At the end of the day, people are spending. They have good credit quality. They are employed … […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
