Credit card delinquencies are starting to go vertical. Brian Moynihan worries about a spending slowdown

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‘We got to keep the consumer in the game’: Brian Moynihan worries about a spending slowdown

Bank of America’s CEO says inflation has been sapping U.S. sentiment

Bank of America Corp. Chief Executive Brian Moynihan said the economic health of the United States going forward depends on whether consumers keep spending despite inflation that may start cooling off late next year.

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“We got to keep the consumer in the game in the U.S. economy because it’s such a big part of it,” Moynihan said Thursday at the AllianceBernstein Strategy Decisions Conference.

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