In an alert to clients this week Bank of America strategists warned in blunt language: ''Inflation shock' worsening, 'rates shock' just beginning, 'recession shock' coming.'
Bank of America strategists warned in blunt language: "'Inflation shock' worsening, 'rates shock' just beginning, 'recession shock' coming."The ultra-tight job market and high inflation are two sides of the same coin, Axios chief economic correspondent Neil Irwin notes.
The super tight-job market is fueling higher wages and strong demand — which is why the Fed is going to have to move more aggressively than it has in decades to try to quash inflation.The recession calls are about what might happen later this year or in 2023 — not a comment about current conditions. A "Zeitgeist" section added these snappy client quotes: "can't make my mind up if it's recession or stagflation" and "recession now soooo consensus."
Deutsche Bank also warned of a downturn, saying in a research note on Tuesday that "we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession," per
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of America downgrades 9 transport stocks, citing 'deteriorating demand'Weakening demand and falling prices could hurt transportation stocks as recession fears grow, according to Bank of America.
Weiterlesen »
Bank of America: SEC 'heading in right direction' on climate risk ruleBank of America on Friday voiced support for the securities regulator's proposal requiring U.S.-listed companies to disclose their climate-related risks and greenhouse gas emissions.
Weiterlesen »
Rite Aid shares tank on Deutsche Bank downgradeRite Aid shares plunged on Thursday after Deutsche Bank downgraded the pharmacy retail chain and cut the stock's price target ahead of the release of its quarterly results next week.
Weiterlesen »
National Bank of Georgia to Regulate Country’s Crypto Sector – Regulation Bitcoin NewsThe National Bank of Georgia is taking steps to regulate the crypto market in the country, its governor revealed in a recent interview.
Weiterlesen »
Nigerian Central Bank Sanctions Banks For Enabling Crypto TransfersThe sanctions imposed by the Central Bank of Nigeria (CBN) are a part of its effort to clamp down on cryptocurrency transactions, and establish restrictions on trading.
Weiterlesen »
Ex-BOJ’s Hayakawa: Central bank seen adjusting policy as soon as JulyHideo Hayakawa, a former director at the Bank of Japan (BOJ), said in an interview on Friday, the Japanese central bank is poised to adjust its moneta
Weiterlesen »