Given “the Fed’s dual mandate, we stick to our view that the optimal policy response would be to delay the cuts,” wrote Bank of America.
Related Posts
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.
China’s industrial profits rise 3% in April after output beat estimates despite U.S. tariffs
Cumulative profits at major industrial firms climbed 3% in April, brushing off the impact from prohibitive U.S. tariffs and persistent deflationary pressures.
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.