The US economy performed better than expected in September 2023, despite the onslaught initiated by BRICS against the dollar. The greenback is rising against all local currencies from the BRICS alliance, putting pressure on their import and export sectors. The recent development forms a contradiction to speculations of a recession as the economy is experiencing a slight recovery.
Also Read: BRICS: Oil Prices Remain Under Pressure as U.S. Dollar Strengthens
The job reports came above expectations, strengthening the US dollar against all other currencies in the foreign exchange markets. Now that the American economy is experiencing a slight relief, Bank of America CEO Brian Moynihan predicts the future of the US economy.
BRICS: Bank of America CEO On the Future of the US Economy
Source: NBC News
The BOA CEO, Brian Moynihan, highlights that the bank’s financial strategists are…
