Home>>
Bank of America says prices normalizing may not happen soon in U.S.: Fox News
(Xinhua) 09:19, April 20, 2022
WASHINGTON, April 19 (Xinhua) -- The Bank of America (BoA) does not see prices normalizing in the short term, the bank's senior officials have said recently.
The Bank's CEO Brian Moynihan and CFO Alastair Borthwick made the comments during an earnings call with investors, following its recent analysis which warned that the United States could soon be in a "recession shock," the Fox News reported on Monday.
In a note to clients on Friday, Michael Hartnett, BoA chief investment strategist wrote that "'Inflation shock' worsening, 'rates shock' just beginning, 'recession shock' coming," the article reported.
(Web editor: Zhong Wenxing, Liang Jun)
Photos
Related Stories
- Over 12.9 mln children in U.S. infected with COVID-19
- White House needs to listen as U.S. voters are worried about crime: Washington Post columnist
- American disability advocates say CDC "isn't doing enough" for high-risk populations amid pandemic: report
- 1 killed, three injured in rollover accident in U.S. California's recreation area
- News Analysis: U.S. recession fear mounts, but downturn not inevitable
About People's Daily Online | Join Us | Contact Us
Copyright © 2022 People's Daily Online. All Rights Reserved.
Copyright © 2022 People's Daily Online. All Rights Reserved.