Wall Street closes up, another weekly gain ahead of inflation data
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Go back to Wall Street closes up, another weekly gain ahead of inflation data
May 12, 2024 8:00 PM EDT
In Bank of America's weekly viewpoint, the spotlight falls on the issue of credit card debt, with insights into both reasons for concern and reassurance.
The NY Fed's Quarterly Report indicates a significant uptick in credit card debt over recent quarters, surpassing $1 trillion for the first time in... More
May 10, 2024 2:00 PM EDT
Investors are navigating a landscape with economic uncertainty, prompting Bank of America (BofA) analysts to address five critical queries driving market sentiment.
Firstly, concerns over a shift from recession risk to stagflation loom large. BofA reassures that such a transition is improbable, citing historical data showing that despite periodic challenges, the vast majority of... More
