BofA Anticipates Soft Landing and Rate Reduction
BofA suggests after year marked by moderating inflation and resilient post-pandemic economy, US poised for interest rate reduction starting mid-2024.
BofA suggests after year marked by moderating inflation and resilient post-pandemic economy, US poised for interest rate reduction starting mid-2024.
Higher inflation no longer the leading concern for investors surveyed by Bank of America and worsening geopolitical conflict now sits in the top spot.
Wood said deflation is already underway in the US across industries and will force the Federal Reserve to kick off a big interest-rate cutting cycle.
U.S. inflation cooling at what could prove to be fastest pace in at least 40 years if not longer with only a limited rise in the unemployment rate.
The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.
If you’re in 1% or middle class inflation has actually made you richer according to top economist who’s been researching inequality for over 40 years.
Higher interest rates are lifting the fortunes of the nation’s biggest banks. They aren’t doing the same for the banks’ customers.