Aditya Bhave

Wall Street analysts are rethinking their interest rate forecasts after December's unexpectedly strong jobs report shattered previous expectations for a slowing labor market, raising questions about the Federal Reserve's next move. In a note shared Monday, Goldman Sachs economist David Mericle...

The December jobs report upended market expectations, forcing top Wall Street investment banks to abandon their forecast for further interest rate cuts in 2025. A labor market exceeding even the most optimistic estimates has traders now bracing for the unthinkable: the return of interest rate hikes...

A pivotal economic release is set to land this Thursday at 8:30 a.m. ET: the retail sales report for September. This data will provide a fresh snapshot of household spending during the final month of the third quarter, offering vital clues as to whether American consumers continued to prop up the...

Stronger-than-expected U.S. economic data and surging oil prices are reshaping market expectations for the Federal Reserve’s November meeting. Traders, who initially expected an aggressive 50-basis-point rate cut, are now opting on a smaller 25-basis-point move, with odds of a potential...

Traders woke up on Wednesday to new updates on last month’s inflation and retail sales trends, indicating slowing price pressures and a weaker-than-expected consumer spending in the U.S. As a reminder, the headline inflation rate slowed as predicted from 3.5% to 3.4% year-on-year in April...

U.S. GDP has declined for the first two quarters of 2022, an economic indicator that typically corresponds with a recession. Federal Reserve Chair Jerome Powell and others have argued the U.S. labor market is too strong for the economy to be in a recession. Labor Productivity Paradox: On...

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPDR S&P 500 ETF Trust (ARCA: SPY) is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022. However, Bank of America economist Aditya Bhave said this week that underlying...

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession. Bank of America economist Aditya Bhave...

After trillions of dollars of U.S. government stimulus spending since the beginning of 2020 and with inflation running at its highest levels in more than 40 years, some investors are understandably growing concerned that "dollar debasement" is threatening the U.S. dollar's long-...

Central banks have recently focused on so-called core inflation metrics, which do not include volatile food and energy prices. Past food and energy price shocks have been relatively short-lived, but Bank of America economist Aditya Bhave recently said there's evidence the recent spike in food...

An estimated 62.4% of the U.S. population has received at least one dose of a COVID-19 vaccine at this point, but the nationwide outbreak of the delta variant is an ongoing concern for investors. On Tuesday, Bank of America economist Aditya Bhave said the delta variant will likely continue to be a...