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Published 2 years ago

Inflation hits 40-year high as concerns about a recession grow

Summary by Ground News
Bank of America has forecasted that the U.S. economy will slide into a recession this year. A number of forces have coincided to slow economic momentum more rapidly than we previously expected, the bank's economists said. The Bank of America forecast puts inflation broadly in line with the Fed's 2% mandate by the end of 2024.

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The National DeskThe National Desk

Inflation hits 40-year high as concerns about a recession grow

Inflation hit a 40-year high in June as the price of energy, food and rent soared, further straining budgets for Americans.

2 years ago
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Bitcoin.comBitcoin.com

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News

Bank of America has forecasted a recession in the U.S. economy this year. The economists expect Q4 GDP to decline 1.4% from a year earlier.

2 years ago
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TechcraticTechcratic

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News

Kevin Helms 2022-07-14 19:30:11 news.bitcoin.com Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic…

2 years ago
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us.comus.com

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News - DailyCrypto

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

2 years ago
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CryptoZoneCryptoZone

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News - CryptoZone

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

2 years ago
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Crypto Biz DailyCrypto Biz Daily

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News - Crypto Biz Daily

Financial institution of America has forecasted that the U.S. economic system will slide right into a recession this 12 months. “A variety of forces have coincided to gradual financial momentum extra quickly than we beforehand anticipated,” the financial institution’s economists mentioned. US Economic system Heading Right into a Recession This Yr, Says Financial institution of […]

2 years ago
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