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bank of america inflation

Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand

Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer DemandBank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer […]

Bitcoin Google search spike after Trump victory signals retail investor interest

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year HighBank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

Bitcoin Google search spike after Trump victory signals retail investor interest

Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is Transitory

Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is TransitoryThe latest Bank of America’s Global Fund Manager Survey shows that “long bitcoin” is now the second most crowded trade. Moreover, most fund managers believe bitcoin is in a bubble and agree with the Fed that inflation is transitory. Bank of America’s June Fund Manager Survey Bank of America (BofA) released its June Global Fund […]

Bitcoin Google search spike after Trump victory signals retail investor interest