Bank of America’s clients are wondering when they might get some relief from the sharp drop in “risk assets” this year, according to BofA Global Research.
Bank of America’s clients are wondering when they might get some relief from the sharp drop in “risk assets” this year, looking for indicators that may warrant a shift from the Federal Reserve’s hawkish monetary policy stance as it aims to bring down high inflation, according to a BofA Global Research note.
“Bad news=good news when the labor market cracks,” the strategists wrote in the report. “The S&P 500 typically bottoms three months before claims peak.” Their research, which is based on the past six fed-funds cycles, also found that 2-year and 10-year Treasury yields typically peak with a strong labor market shortly after initial jobless claims bottom. On average, the two-year yield peaks four months after the trough, while 10-year rates reach their peak eight months after it’s hit.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bank of America raises hourly minimum wage to $22Bank of America Corp said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025. Last year the bank pledged to pay its workers at least $25 an hour by 2025, the highest minimum wage of any big retail bank, and also began requiring its vendors to set a minimum wage of $15 an hour.
Les mer »
Bank of America hikes its minimum wage to $22 per hourNation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Les mer »
Bank of America raises minimum hourly wage to $22The company said it plans to raise its minimum wage to $25 an hour by 2025.
Les mer »
IMF, Bank of France officials believe more CBCDs will emerge in next three to five yearsThe Governor of the Bank of France François Villeroy de Galhau said that the world might see a strong central bank digital currency emerge in the next three years.
Les mer »
Bank of England Governor Claims Bitcoin Will Fail as Payment MethodBank of England Governor Andrew Bailey insists Bitcoin has no intrinsic value
Les mer »