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Bank Of America: Inflation Is Getting Worse And Recession Is Coming LAST UPDATE 04/09/2022 | 1:52 PM The Information/Baghdad: Experts at Bank of America warned of a rapid macroeconomic deterioration that could push the American economy into a recession, coinciding with the Federal Reserve’s tightening of its monetary policy. “The inflation shock is getting worse, the shock of a US interest rate hike has already started, and the shock of a recession is coming,” Michael Hartnett, chief investment analyst at the US bank, wrote in a note to clients. And “Hartnett” indicated that in light of these economic developments, the performance of cash, commodities and digital currencies may outperform the performance of bonds and stocks. In terms of the observed weekly inflows, Bank of America analysts said that equity funds in emerging markets enjoyed the largest inflows in ten weeks at $5.3 billion during the week ending last Wednesday. While European stocks witnessed eight weeks of outflows at $1.6 billion, while US stocks recorded the second week of outflows, adding $1.5 billion during the last week. Earlier this week, the Fed's meeting minutes showed members generally supportive of reducing the bank's balance sheet by about $95 billion a month later this year, while some Fed board members see the possibility of a 50 basis point hike in one or more meetings. If required. finished/25 -
In the video, Biden confuses the Ukrainian and Iranian peoples in his union speech 8 views Mar 2, 2022
