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](https://krugmaninsights.com/wp-content/uploads/2023/09/Bank-of-America-Digital-Magazine-_1_-1024x683.webp)
Most companies with lower credit ratings will struggle if the inflation rate hits 4%, and a