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3232Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
https://www.digit.info/bank-of-america-expects-the-fed-to-keep-hiking-rates-until-point-of-pain-for-consumer-demand/
Sun, 05 Mar 2023 01:00:05 +0000https://www.digit.info/2023/03/05/bank-of-america-expects-the-fed-to-keep-hiking-rates-until-point-of-pain-for-consumer-demand/Read more]]>Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer […]
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer […]