Bank of America sees U.S. economy slowing, CEO Moynihan tells CNBC

Bank of America (BAC) CEO Brian Moynihan, in an interview with CNBC, says he expects the U.S. economy to slow amid impacts from tariffs. Moynihan added that U.S. consumers are spending at a faster rate than last year, putting 6% more money into the economy this year. He thinks the economy will hold up better than people think. Moynihan also told CNBC that inflation is stickier, largely due to the tariffs.