Federal Reserve will stop short of unleashing its inflation-fighting bazooka when it meets to decide the fate of interest rates later this month.
Executives warned demand could weaken later this year if the worsening economic outlook starts to hurt consumer confidence.
Chief global equity strategist said it’s premature to bet the pressure is reducing on the Federal Reserve to tighten monetary policy.
Bank of America has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones.