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Bank of America say they remain bearish US stocks, investors are too bullish, Fed not done
I had this earlier from Bank of America on their Federal Open Market Committee (FOMC) outlook:Bank of America says the Federal Reserve could take Fed Funds to 6% in the next 12 monthsWith high inflation sticky, BoA argue the risk is for further Fed rate hikes:"We remain bearish; still think biggest 'pain trade' next 12 months Fed funds 6% not 3%,"BoA add that investors have become too bullish and characterize January - March asQ1 recession fearand April to June asQ2 Goldilocks greedSay on narrow...
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Posted: Jun 12 2023, 01:49
Author Name: forexlive
Views: 092044