The head of America’s second-largest bank revealed what macroeconomic impacts United States consumers can expect in the midst of a busy week on Wall Street. " temperature, for lack of a better term, is mitigated by the worries about inflation, the worries about getting teammates to work for them, and also, frankly, the worries the impact of higher rates," Bank of America Chairman and CEO Brian Moynihan said on "Mornings with Maria" Wednesday.
Additionally, inflation pressure continues as The Labor Department reported last week that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in September from the previous month – a slight improvement from August, but still more than expected.