(Bloomberg) -- A Federal Reserve interest rate cut could be a signal of trouble for the economy, according to Bank of America Corp. strategists.Most Read...
-- A Federal Reserve interest rate cut could be a signal of trouble for the economy, according to Bank of America Corp. strategists.Billionaire-Friendly Modi Humbled by Indians Who Make $4 a DayUS equities have been rallying since October as the economy and company earnings held up despite the higher-for-longer rates environment. Investors are hoping the US central bank will start to ease policy before economic growth is significantly harmed.
Jobs data due on Friday will provide fresh insight into the health of the US economy. The expectation is for a modest acceleration in May from the prior month. That would produce a cooling in average job growth over the most recent three months, adding to evidence that labor demand is softening. For now, investors continue to pour money into stocks, with US equity funds getting $4.6 billion in the seventh week of inflows, according to the BofA note citing EPFR Global data. Investment-grade bonds received $5.8 billion, the 32nd week of inflows.Trump Did A Weird Thing With His Mouth And You'll Never Unsee ItMan Who Picked Nvidia Before Jump Reveals New PredictionFormer Rep. Liz Cheney’s PAC made a subtle dig at former President Trump in a new D-Day-themed advertisement Thursday.
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