Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s
Bank of America Corp. (NYSE:BAC) analysts recently released a note predicting that the Federal Reserve will only cut rates once this year, compared with their previous prediction of four cuts. "2024 is starting to look like 2015 but in reverse. Then the Fed signaled hikes it could not deliver; now the Fed may be signaling cuts that the inflation data do not justify," Bank of America economist Michael Gapen said in the note. "The acceleration of inflation this year makes a cut prio...
Source: yahoo.com