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Home » Bank of America Survey’s Extreme Pessimism Might Be Contrarian Indicator
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Bank of America Survey’s Extreme Pessimism Might Be Contrarian Indicator

CoindeskBy CoindeskJuly 20, 20220 ViewsNo Comments
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Further, the central bank may want to see a marked decline in the headline consumer price index (CPI), which includes the volatile food and energy component, before pulling the plug on policy tightening. The spending habits of so-called main street, representing average Americans, are more sensitive to the changes in the headline CPI.

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