Mortgage Company CEO Sounds Off On Bank of America’s “Elevated Inflation” Outlook For the Remainder of 2022 (Guest: Blake Harbin)
During an earnings call this week, Bank of America CEO Brian Moynihan and CFO Alastair Borthwick have noted that, even with more investment from consumers, prices are not expect to go down anytime this year. In fact, they expect elevated inflation to stick around through the end of 2022. Bank of America chief investment strategist Michael Hartnett added that inflation could lead to an economic downturn in 2023, including “inflation shock worsening, rates shock just beginning,” and … Read more
