BofA CEO Brian Moynihan says both consumers and businesses are ‘slowing things down’—in fact, they’re acting like it’s 2016, a period of ‘very low growth’

Consumers might be squeezed by inflation, but it seems their wallets aren't tight enough to stop them spending on enjoying a good time. At least, that's what Brian Moynihan is seeing from the data at Bank of America. But while shoppers are still splurging on experience spending, they're consciously pulling back...