News list for "Bank of America Warning"
The Federal Reserve's overly cautious approach to the economic outlook could jeopardise the year-end rally in equities, Bank of America strategists have warned. As the S & P 500 nears its all-time high, investors are hoping for the best-case scenario, in which the Fed cuts interest rates as inflation falls while the economy remains resilient. But Michael Harnett, BofA strategist, said that optimism would be tested if the Fed sent a dovish signal at next week's meeting, as it could suggest...
Bank of America strategists have warned that if the Federal Reserve is overly cautious about the economic outlook, it could jeopardise the year-end rally in stocks. The S & P 500 is near its all-time high, and investors expect the Fed to cut interest rates and bring inflation down, but BofA strategist Michael Harnett pointed out that this optimism will be tested if the Federal Reserve sends a dovish signal at next week's meeting, which could suggest that the economy is slowing more than expected...
The US Federal Reserve should refrain from cutting interest rates at its September policy meeting as recent economic data do not support a premature easing cycle, Bank of America said in its latest research note. The bank stressed that policymakers in favour of rate cuts had underestimated the impact of labour supply shocks and the stubbornness of inflation, which remains above the Fed's 2 per cent target. The report warned that the latest tariff hike could have "...
Trump's high-profile prediction of "the stock market will rise sharply", Bank of America warns: Short-treaders are chasing high! Strategists urgently raised their targets. Click to view...
