This call from BoA is reitrating the same from last week, but its getting attention again.
The higher rates for longer may tighten financial conditions, reducing liquidity and pressuring asset prices, including equities and cryptocurrencies.A stronger U.S. dollar could result from sustained high rates, making riskier assets like cryptocurrencies less attractive to investors.Elevated borrowing costs may slow consumer spending and business investments, increasing recession risks.
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for stocks, defensive industriess could gain favor, while rate-sensitive sectors face challenges
Note, BoA are a bit on their ownsome with this call. Earlier:
What's next for the Fed: The market pricing in more rate cutsAbout the caption .... it seems to be a permanent thing and the tech gremlins won;lt let me removes it. No big cut on the horizon, but its a good pic!
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