The Tell: BofA warns of ‘unusual lack of concern’ in stock market amid rising expectations for ‘recession-free’ rate cuts

by | Aug 15, 2023 | Stock Market

Bank of America analysts are cautioning stock investors about betting the Federal Reserve will deliver interest rate cuts as inflation falls without a recession occurring in the wake of the central bank’s aggressive monetary tightening of the past year. “Don’t go all in on recession-free cuts,” BofA Global Research analysts said in an equity derivatives report Tuesday. “The overhang of last year’s inflation fight and elevated data volatility and macro uncertainty may keep the Fed from cutting rates” until a slowdown arrives,…

Article Attribution | Read More at Article Source

Share This