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The Daily Hodl 2023-08-03 18:35:18

Bank of America CEO Forecasts US Recession in Early 2024 After Fed Hikes Rates to 22-Year High

The US will most likely head into a slight recession early next year, according to Bank of America Chairman and CEO Brian Moynihan. In a new FOX Business interview, Moynihan says that the Federal Reserve’s late start to fighting inflation and subsequent aggressive interest rate hikes will probably cause a recession by Q1 of next The post Bank of America CEO Forecasts US Recession in Early 2024 After Fed Hikes Rates to 22-Year High appeared first on The Daily Hodl .

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