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A "recession shock" is coming, BofA warns

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    A "recession shock" is coming, BofA warns

    https://www.reuters.com/world/us/glo...nt-2022-04-08/
    A "recession shock" is coming, BofA warns
    Reuters
    April 8, 20224:32 PM UTC

    LONDON, April 8 (Reuters) - The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note.

    "'Inflation shock' worsening, 'rates shock' just beginning, 'recession shock' coming", BofA chief investment strategist Michael Hartnett wrote in a note to clients, adding that in this context, cash, volatility, commodities and crypto currencies could outperform bonds and stocks...

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