Brian Moynihan

Federal Reser

2026-08-05 14:38:40

Bank of America CEO Reaffirms Three Straight Fed Cuts in Sept, Oct, Dec

Bank of America chief executive Brian Moynihan has reaffirmed the bank's stance that the Federal Reserve will cut interest rates three times in a row, in September, October and December of this year. Speaking on the policy outlook, Moynihan said the U.S. labor market is still holding up well, although inflation has more work to do to come down — a combination, he said, that leaves the Fed room to adjust monetary policy. He also noted that consumption trends among different income groups are now converging, which he sees as a positive sign of better economic health across the country. The bank's economics team had previously expected the Fed to kick off a rate-cutting cycle in the second half of this year. Against that backdrop, market participants are keeping a close eye on employment data, inflation momentum and consumer spending to assess how quickly the Fed might move. If the central bank delivers the anticipated sequence of cuts, financing costs could fall further, potentially offering support to equities, bonds and risk assets more broadly.

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Bank of Ameri

2026-07-16 14:21:59

Bank of America CEO joins Wall Street warnings over Anthropic's Mythos AI model

Bank of America CEO Brian Moynihan has joined a growing list of Wall Street executives raising concerns about the risks tied to advanced AI models such as Anthropic's Mythos. Speaking on the issue, Moynihan said the technology could bring a major shift in workload while also changing the speed at which system vulnerabilities are identified, forcing institutions to respond faster. His comments come as the financial industry and the U.S. government have been assessing potential threats linked to the rapid progress of AI models in recent months. Anthropic has said Mythos, launched earlier this year, performs strongly at finding system vulnerabilities. Bank of America is one of the Wall Street firms authorized to use the model, and the bank has been testing its own systems with Mythos while sharing information with peers. The model has not been opened to the public. Earlier this week, JPMorgan Chase CEO Jamie Dimon warned that broad public access to the system would be as dangerous as "giving a ballistic missile to an individual."

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