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Stock impact report

IMF's Growth Forecast Cut Calls For Risk-Off Trade [Forbes]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Forbes
Naeem Aslam Contributor i Opinions expressed by Forbes Contributors are their own. Markets I cover commodities, FX, equities in developing & emerging markets. Tweet This There you have it. The clouds of uncertainty started to pour heavy rain. The International Monetary Fund raised (IMF) concerns about the world economy. The IMF has cut its projection for the global expansion to 3.7% for this year, from its previous projection of 3.9%. Christine Laggard, managing director of the IMF, did say in her last speech that the global trade war is a matter of concern for the Fund. This is the first time we see the Fund downgrade their forecast since July 2016. Is the IMF wrong in forecasting this? Considering that we have not seen anything like this coming from the Fed over in the US, is it possible that the Fed is in a state of denial? After all, it is intriguing that the Fed has expressed no serious Show less Read more
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