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Bank of America Exclusive: Chief Strategist Sends Default Warning

Chief Bank of America strategist, Oleg Melentyev, warns that rising inflation in the US may lead to an increase in defaults for high-yield issuers, particularly if the rate of inflation accelerates further.

Bank of America's towering presence in the finance world signifies its role in navigating potential inflation risks. PHOTO: JaSte/Shutterstock
Bank of America office’s towering presence in the finance world signifies its role in navigating potential inflation risks. PHOTO: JaSte/Shutterstock

Most companies with lower credit ratings will struggle if the inflation rate hits 4%, and a

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