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Bank of America warns US economy could lose 175,000 a month soon

Por: WPTV Nation October 11, 2022

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One of the largest banks in the U.S., Bank of America, is warning that the pace of job growth in the U.S. is expected to be cut by around half during the fourth quarter of this year. Bank of America expects the U.S. economy to continue to lose jobs each month in the tens of thousands starting at the beginning of next year. The Federal Reserve has been aggressively raising interest rates to slow demand in the real estate market, with purchases of... + full article



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