Bank of America economists expecting mild recession this year

Summary by Ground News

A new paper from the Federal Reserve says there's a 35% chance of a recession by the end of next year. The good news is that they don't see a recession as imminent. Many strategists say the 20% decline in the S&P 500 SPX, -0.44% this year implies a mild recession.

3 months ago·Washington, United States

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The Hill

Bank of America economists expecting mild recession this year

Bank of America economists predicted that the United States will face a mild recession this year in a report released on Wednesday.

3 months ago·Washington, United States

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Financial Post

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3 months ago·Canada

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Gulf News

US stocks tumble as inflation rises to 9.1%; 'mild recession' warning issued

Stocks tumbled on Wednesday after inflation accelerated in June more than expected, putting pressure on the Federal Reserve to remain aggressive in its fight against price increases.

3 months ago·Dubai, United Arab Emirates

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Business Insider

US recession to come this year as 'inflation tax' hits Americans: BofA

"A number of forces have coincided to slow economic momentum more rapidly than we previously expected," BofA analysts wrote Wednesday.

3 months ago·United States

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Bloomberg

A Mild US Recession Is Coming This Year, Bank of America Economists Say

Bank of America Corp. economists forecast a “mild recession this year” in the US, saying services spending is slowing and hot inflation is spurring consumers to pull back.

3 months ago·United States

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Political Wire

A Recession Is Coming This Year

Bank of America economists forecast a “mild recession this year” in the Untied States, saying services spending is slowing and hot inflation is spurring consumers to pull back, Bloomberg reports.

3 months ago·New York, United States

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