Business Standard

US recession 'imminent', time to book profits, says BofA Securities

The brokerage says that with markets currently near their peaks, it "leaves room for correction with the onset of a recession in the US".

Photo: Bloomberg

Photo: Bloomberg

Samie Modak Mumbai

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Boom, bust or a bit of both: as the jury bides time before ruling on the US ‘recession’, the economy’s vital signs at a perplexing time of high-interest rates, still-punishing inflation, and surprisingly strong economic gains are a study of a growing debate over whether the world’s largest economy is barrelling into a new downturn.

With the US Federal Reserve’s (Fed’s) inflation fighters attempting the risky pursuit of ‘pillow-soft landings’ and its economy sending out mixed signals, if there is indeed a recession, it could spell trouble for domestic equities and corporate earnings growth.

An analysis by Bank of America

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First Published: May 22 2023 | 6:10 AM IST

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