Stronger-than-expected momentum in Biden's economy just forced BofA to revise its recession forecast

Stronger-than-expected momentum in Biden’s economy just forced BofA to revise its recession forecast

In July, Bank of America hired Michael Gapen as its chief US economist, and the former Barclays executive began his tenure with a bold call, arguing that a ‘mild recession’ would hit the US by the end of the day. of the year. Prior to Gapen’s hiring, Bank of America economists had refrained from using …

Stronger-than-expected momentum in Biden’s economy just forced BofA to revise its recession forecast Read More »