Bank of America CEO sees U.S. Technical Recession in 3rd Qtr
BofA Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy would reach a technical recession starting in the third quarter.
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Global Supply Chains Back to Normal After Rocky Three Years, NY Fed Says
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after Covid-19 was declared a pandemic.
Citi Strategists Say Traders Are Piling Up Short Bets on Stocks
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures.
Beware, an Economy in Recession Takes Time to Showcase Its Skeletons
Investors need to keep in mind that skeletons are there lurking in the corridors waiting to come out.
BofA’s Moynihan Says Consumers Remain Resilient Amid Inflation
US consumers are still in a position of strength despite persistent inflation and other economic headwinds - BofA CEO Brian Moynihan said.
Inflation Could Ease Faster Than Fed Believes, Reducing Need for Rate Hikes, Easing Recession Risk
Consumer price increases have pulled back sharply but Fed Chair Powell says further declines to Fed’s 2% annual target may prove a tougher slog.
Marketmind: Powell Confesses 'This Time It's Different'
Jerome Powell calmed the horses, a bit. Essentially another couple of Fed rate hikes were probably needed to get across inflation fully.
