Top US bank issues grim prediction – CNN ...News

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Top US bank issues grim prediction – CNN
The Fed’s tough policy tightening will cripple the nation’s job growth, Bank of America reportedly warns The Federal Reserve’s aggressive efforts to bring down historically high inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America (BofA) warned in a note to clients seen by CNN. The pace of US job growth is expected to be roughly cut in half during the fourth quarter of this year, according to the media outlet, reporting on Monday. As pressure from the rate hikes mounts, nonfarm payrolls will begin shrinking in early 2023, translating to a

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