SYDNEY (Reuters) – Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S economy would reach a technical recession starting in the third quarter of 2023.

Moynihan told The AFR Business Summit in Sydney a U.S recession would not be deep and the bank forecast interest rates would start falling in the second quarter of 2024.

 (Reporting by Praveen Menon and Lewis Jackson in Sydney; Editing by Chris Reese)

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SYDNEY (Reuters) – Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S economy would reach a technical recession starting in the third quarter of 2023. &nbsp;Moynihan told The AFR Business Summit in Sydney a U.S recession would not be deep and the bank forecast interest rates would start falling in the second quarter of 2024. &nbsp;(Reporting by Praveen Menon and Lewis Jackson in Sydney; Editing by Chris Reese) &nbsp;DeSantis has ordered his state out of ERIC because he is worried partisan political operatives have access to the secure voter data. &nbsp;...

Bank of America CEO Moynihan says U.S economy to reach technical recession

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