Stagflation fears just hit Wall Street. Now for the next crucial report on prices [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
The Federal Reserve's favorite inflation reading is due Friday morning. For Wall Street, the stakes are high. The Personal Consumption Expenditures price index is expected to rise 2.6% for the 12 months ended in March, according to FactSet estimates. The core PCE index, which excludes the more volatile energy and food categories, is expected to rise 2.7% from the prior year. Investors are nervously awaiting the report after first-quarter US GDP came in softer than expected Thursday. Gross domestic product, which measures all the services and goods produced in the economy, rose at an annualized rate of 1.6% during the first three months of the year, the Commerce Department reported. That's the weakest pace of growth since the second quarter of 2022, when the economy contracted, and well below the Atlanta Fed's estimate of a 2.7% gain. A slowing economy should help slow inflation and offer support for the Fed to start easing interest rates. But Thursday's Commerce Department re
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- BAC's page on the SEC website