Business News

Biden spending spree to unleash inflation, big-money managers worry – Fox Business

Big-money managers worry President Biden’s ambitious spending plans could derail the momentum seen in markets and the economy, according to a new Bank of America survey. 
Risks are “now associated with boom not recession,” wrote Michael Hartnett, chief investment strategist at Bank of America, noting that COVID-19 was named a global pandemic on Mar. 11 of last year. 
U.S. equity markets climbed to record highs in April with the S&P 500 extending its rally off the March 2020 lows to 84% while the…

Click here to view the original article.

Related Posts

You might also like ...