CoinVoice has learned that, according to Jin10, Bank of America observed an improvement in the market environment in the most recent quarter.

CEO Mooneyhan stated in a conference call with analysts: "This allows our world-leading research team to continue predicting that the U.S. will not experience an economic recession, and the economy will grow moderately—at an annual growth rate of about 1.5% by the end of the year, and the Federal Reserve will not cut interest rates before next year."

Moynihan stated that individual and corporate clients continue to consume, and clients are still seeking certainty. He also added that recent trade agreements and the passage of tax legislation are helping clients to form clear expectations for the future and adjust their behaviors accordingly.