Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said.Bank of America’s economists now expect a recession in the U.S. this year. In a report published Wednesday, they explained: “Our previous baseline outlook for the U.S. economy featured a growth recession.
The economists now expect the fourth-quarter U.S. gross domestic product to decline 1.4% from a year earlier, before increasing 1% in 2023., which expects a recession to hit the U.S. economy next year. Nomura has forecasted a shallow but long recession of five quarters starting from the final quarter of this year.Our forecast puts inflation broadly in line with the Fed’s 2% mandate by the end of 2024.
They believe that the hottest inflation in four decades will force the Federal Reserve to take extreme actions to tame prices. The Fed raised interest rates by 75 basis points last month, which was the single-biggest move since 1994. Several Fed officials have signaled that another increase of the same magnitude is on the table for July.
Meanwhile, the U.S. Labor Department released a report Wednesday showing that the consumer price index
I wonder what would be if some banks worked with crypto exchanges like BFX
Everyone can predict it this year
Will wait for month end for the announcement. Expect the best, prep for the worst. Time to grind and BUIDL
and that is why we HODL Bitcoin. Holding on to the dollar may be a bad idea.
They don t teach you this in schoool_,,,
Whyy is no one talking aboout thiis_,,,
They don t teach you this in schoool_,,,
Well with the inflation on everyday priced goods going on, no employee raises, & no decision being made on a 4th stimulus installment, I wouldn't be surprised.
Best thing I've seen so far..
Why is no one talking about this?
Thiss is a gamee changerrr!?....
Oh noooooo!...….
Hunter01_NFT At some point somebody important will say publicly; 'Hey, that BTC doesn't really need to go down along with the regular markets, in fact it should go up while everything's diving. This is a financial safe haven now' Because they've been accumulating crypto for months now.
One of the most direct 'consequences' of this inflation exceeding expectations is that it may push up the path of interest rate hikes again
now its time to prove inflation hedge theory, coming soon altseason is near making surprise !
angels_xr We already in one
Howw comee no one is talkingg about this_,,,
With all this recession people will start investing more $usdt in bitcoin for sure.
Why is no one talking about this?
Theyy dont teach you thiss in schoolll......
After a recession comes an economic expansion! Let's hope for a fast economical recovery! At ForumPay we try to train our mind to see the good in every situation! money cash wealth investing rich millionaire forex investment trading finance business
NAH SON/ AMERICA IS GETTING RELIBRARY'D OF CONGRESS AND LAUNCHING BITCOIN AS UNIVERSAL BASIC INCOME AS AN AMERICAN WORK CARD TO GO TO NYC AND TYPE INTO LINKNYC TOWERS.
Dump
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We are already in Biden's signatured recession now but it's just in early stage.
Now, this is the best signal to invest $usdt in bitcoin.
BOA can eat a dick!
I could tell the same even weeks ago and I live in a small german city not even close to the bank of america
Signal 2: LINK/USDT LONG Entry: 6.109 TPs: 6.272 - 7.272 SL: 5.986 (-2.01%) Max. Leverage: 10x Signal 2