Are those expecting a global crisis mistaken? Brian Moynihan, CEO of Bank of America, assessed the current situation during a program. Brian Moynihan: "There are quite positive signs. Data shows that consumer spending continues. Looking at our own data, we see consumers are still spending. If consumers are spending in the U.S., the economy is strong. In the services sector, the skies are clear and sunny—maintaining an overall optimistic outlook. What’s truly remarkable is convincing people that, despite high energy prices, inflation, and the Fed’s need to keep interest rates elevated, the economy continues to grow. Executives report they now see a clearer path ahead compared to last year and feel more confident in executing their long-term plans."