Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
"2024 is starting to look like 2015 but in reverse. Then the Fed signaled hikes it could not deliver; now the Fed may be signaling cuts that the inflation data do not justify," Bank of America economist Michael Gapen said in the note. "The acceleration of inflation this year makes a cut prior to December challenging in our view." Don't Miss: Join the elite. Invest in Epic Games and own a piece of the $17 billion Fortnite empire This ‘Future of Gaming' startup disrupting a $272 billion industry is now letting anyone invest for a limited time In 2015, the Fed increased interest rates and reduced support for the American economy, despite a minimal increase in inflation rates of 0.12%. March saw a 3.5% rise in the consumer price index greater than the 3.2% jump for the 12 months ending in February, driven mainly by significant increases in food and beverage costs, according to the U.S. Bureau of Labor Statistics. Juice and drink prices soared by 27.5%, while egg prices climbed
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