Bank of America CEO Predicts Strong US Growth in 2026, Driven by AI and Consumer Spending

• Bank of America CEO Brian Moynihan forecasts 2.8% US economic growth in 2026, surpassing market expectations, fueled by resilient consumer spending.
• Transaction data indicates no significant slowdown in household or small business activity, supporting a positive outlook for US and global growth.
• Continued investment in AI infrastructure and enterprise adoption is expected to be a major driver of US economic activity in the coming years.
• Moynihan anticipates the Fed will cut rates multiple times later this year, with inflation gradually decreasing by late 2027 and unemployment remaining stable.
• Bank of America is bullish on the US and other regions like India, with India projected to grow at 6.5% in 2026.

Why It Matters: Bank of America CEO projects robust US economic growth in 2026, driven by strong consumer spending and AI investments.