Page 22 - Michael Gapen News Today

US stocks are sharply lower after Fitch lowered US sovereign debt rating. Economists aren’t too perturbed by the downgrade though.

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

From Bloomberg: Economists at Bank of America Corp. revoked their forecast for a recession in the U.S., becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook. The change comes just a week after Federal Reserve chair Jerome Powell said the central bank's own economists are no longer forecasting a recession.

The investment bank has been predicting a recession since the summer of 2022.

“Imagine no recession, it’s easy if you try.” That was the title of Bank of America Research’s latest U.S. Economic Viewpoint research note, which details…

Economists at Bank of America reversed their forecast for a recession in the U.S. but other major financial outlets are sticking with their recession calls. Read on.

Many economists began forecasting recession last year, but a downturn obviously hasn’t happened yet, with the economy expanding an annualized 2.4% in the…

The bank's economists said that given recent data, they now see a so-called soft landing. The Fed's staff has backed away from a recession forecast as well.

The bank's economists said that given recent data, they now see a so-called soft landing. The Fed's staff has backed away from a recession forecast as well.

Financial Times: Economists increasingly believe a recession can be avoided.