Bank of America CEO said the Fed did not cut the ratios this year

Bank of America Ceo Brian Moynihan President Donald Trump said that the new car images of car imports and consumers reacted to the farewells of the management and the bank’s interest rates.

The new event on Wednesday will put 25% tariffs with some car parts and some car parts imported to the United States on Wednesday

“I think the concept was not a surprise. He was in the campaign, but the reality is coming and trying to understand what it means,” he said.

President Trump announces new automatic tariffs

Bank of America analysts thought that the new tariff would increase car prices and slow the vehicles, “This is what you see in the market,” the host Liz Claman said.

“When you think more about it, a quarter can add inflation. It slowens some growth in such places like Japan, because it is more to the United States, but in general, this work will be eradicated,” he said. “But no one really knows until it is understood, and these are unprecedented waters and different pieces and things like this.”

The automatic tariff has come into force from the recent week before the import of Trump since the beginning of the Trump next week before the start of the last week.

“If we take into account all the tariffs of our team and the whole tariff dialogue and try to talk about it, there is a stroller of our American research team, and one-fourth of our team, and one of 2%, it has a fairly constructive sight,” said Moynihan.

He also said America did not see the bank Federal reserve This year’s cutting rates “will continue to be glue because they think inflation is glue.”

The federal reserve considers the main interest rates within uncertainty on the economy, inflation

Inflation measured by the consumer price index increases more than 0.2% per month and last year in February.

Bank of America still sees that customers spend money on Tuesday, According to Moynihan.

“Money outside their accounts is not only $ 5% in loan and debit cards, but in total March 5%, this is a little faster in the fourth quarter in the first quarter,” he said.

“Thus, everything you hear about consumers stop spending, yet we do not see,” he said.

According to Bank of America credit card information, the spending of food has increased slightly due to higher prices. Restaurant and entertainment costs were also positive.

“Credit quality is good for consumers, especially for the main consumers,” Moynihan said. “Despite the fact that their mortgage loan is very low, high rate and challenges in the housing market, it remains a little pressure because it is higher than cars, so we will be added and see this.”

He said that the United States is “truly” for the consumer who says “unemployment and salary growth” of the current unemployment rate and salary growth. ”

Labor Statistics Bureau Pegged Unemployment rate 4.1% in February.

“It keeps them in good condition and will work as we work with this period, and others said they have shaken what all this means and how they are corrected.”

According to the consumer’s research university, consumer a consumer placed a decrease in about 11% in February.

“American consumers are interested, because they will say things, and they will do,” Moynihan said. “And even if they still have confidence in this month, and we pay them more and we pay them more and we know the ratios of companies, two years ago or a year ago …

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According to him, tariffs and issues around “tariffs and uncertainty” are more small and medium entrepreneurship and large enterprises.

“But if you look at our small, medium-sized customers, something interesting will use about 40% of the line of credit numbers before the pandemic, about 40% of the line.

He put forward “they have something to spend something to spend” and try to make sure “just add another question”.

Moynihan says such customers will be “a little employee” until it becomes more clarified.