US inflation rose to 8.3% in the 12 months to April 2022. VIEW press / Contributor / Getty The US could see a big drop in inflation without hitting a recession, Bank of America said. Strategists pointed to the inverted ...
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The Fed may have succeeded in beating inflation without tanking the economy, Nobel economist Paul Krugman says
BrightPaul Krugman. REUTERS/Brendan McDermid The Fed may have won its war against inflation without tanking the economy, Paul Krugman said. Krugman pointed to falling US unit labor costs and expectations of future inflation as evidence. The Nobel-Prize winning economist suggested ...
BofA says AI is in a ‘baby bubble’ that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT
BrightPaper Boat Creative/Getty Images AI is in a “baby bubble” for now, Bank of America said Friday. What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. BofA said the dot-com blow-up in the ...
The housing market has frozen over. Here’s why experts say home affordability isn’t getting better any time soon.
BrightPhoto by Brandon Bell/Getty Images The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. ...