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Bank of America: 2024 Economic Survey Explained

A recent BofA (Bank of America) survey reveals a significant increase in investor exposure to US stocks, reaching the highest level in over two years.

Bank of America Optimism Drives Stock Market Amid Federal Reserve Rate Cut Expectations PHOTO: Shutterstock
Bank of America Optimism Drives Stock Market Amid Federal Reserve Rate Cut Expectations PHOTO: Shutterstock

This surge in interest is largely attributed to optimism regarding potential Federal Reserve rate cuts. According to the survey findings, 79% of respondents anticipate a soft landing or no significant downturn for the global economy in 2024.

This optimistic outlook reflects a strong preference for stocks as a beneficial investment during

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