Crypto News

Investor Sentiment Soars to Record Highs in December 2023

A recent Bank of America survey reveals an unprecedented surge in investor optimism this December. Cash allocations drop to historic lows as investments in U.S. equities surge, reflecting confidenc...

Policy Changes Could Fuel Inflation, Warns Bank of America Economist

Bank of America economist Stephen Juneau warns that upcoming policy changes, such as higher tariffs and tax cuts, may raise inflation pressures. With the Fed expected to pause rate cuts, the core P...

Berkshire Hathaway Sells $383 Million in Bank of America Shares

In a recent filing, Berkshire Hathaway sold $383 million of Bank of America shares, part of ongoing sales totaling over $10 billion. Despite this, Berkshire still maintains a 10.1% stake worth appr...

Lawrence Summers Critiques Fed's September Rate Cut Decision

Former US Treasury Secretary Lawrence Summers labels the Federal Reserve's September rate cut a 'mistake' but notes its minimal impact. With traders now anticipating a smaller cut for November, Ban...

US Inflation Data Less Significant as Job Market Takes Center Stage

Analysts from Bank of America suggest that the upcoming U.S. inflation data may be overshadowed by shifts in the employment market. With forecasts indicating a monthly growth of 0.1% for PCE inflat...